Affinity Real Estate & Mortgage Training・2 minutes read
Real estate agents have a pass rate of approximately 54%, often failing due to overconfidence and lack of preparation. Key laws and regulations like Ecore, Regulation B, HMDA, RESPA, TILA, and others are crucial to understand for the real estate test.
Insights
Understanding key regulations like Ecore, Equal Credit Opportunities Act, and Truth-in-Lending Act is crucial for real estate agents to pass the test successfully.
The comprehensive knowledge of various laws such as the Home Mortgage Disclosure Act, Real Estate Settlement Procedures Act, and Fair Credit Reporting Act is essential for real estate agents to navigate the complexities of the industry effectively.