Question

RESPA would apply to which of the following?

A.homes and residential dwellings only
B. 1-4 family residential dwellings
C. commercial real estate only
D. subdivisions

Answer 1

RESPA applies to 1-4 family residential dwellings.

Step-by-step explanation:

RESPA stands for the Real Estate Settlement Procedures Act, which is a federal law that governs real estate transactions. It applies to 1-4 family residential dwellings, which means homes that have one to four units. Therefore, the correct answer is option B. Homes and residential dwellings only.