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Rainmaker
1,713,276
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

RESPA.

Jun 03, 2017 09:41 AM
Rainmaker
5,583,563
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Joe and Carol gave the answers....

Jun 03, 2017 09:46 AM
Ambassador
2,231,956
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

So the borrower knows the actual full cost of the loan, not just the basic interest rate.  

Jun 03, 2017 09:35 AM
Rainmaker
4,800,182
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Truth in lending.

Jun 04, 2017 05:23 AM
Rainmaker
4,320,722
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Brian Burkhalter - I think this is a requirement - so people compare Apple To Apple.

Jun 03, 2017 09:46 PM
Rainmaker
5,124,284
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I think you have your answer..want your license than follow the rules and regulations.

Jun 03, 2017 12:27 PM
Ambassador
2,687,855
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 It's the law.

Jun 03, 2017 12:12 PM
Rainmaker
809,308
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

The government has websites that can answer all of these types of questions in great detail for you.  Here are a few - and you can google and read all day to learn more.  Have fun! -Kase

CFPB ESPA

CFPB TILA

TILA REG Z

CCPA TILA

Jun 03, 2017 11:39 AM
Rainmaker
1,857,807
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

It's the law.

Jun 03, 2017 11:07 AM
Rainmaker
5,773,797
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Brian,

What Joe Pryor and Carol Williams said.

Jun 03, 2017 10:55 AM
Rainmaker
2,223,559
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

That's a great question for a licensed mortgage lender....

Jun 05, 2017 02:24 PM
Rainer
3,055
Ken Sholter
Keller Williams Realty Ballantyne Area - Charlotte, NC
Over 55+ active adults buyers & sellers in SC

If buyers have kept up with rates, this will motivate them to do something before rates go higher, or put their house on the market while rates are lower.

Jun 05, 2017 12:03 PM
Rainmaker
1,737,427
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

As Joe Pryor wrote. It is as simple as that.

Jun 05, 2017 07:11 AM
Rainmaker
1,518,823
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

##SOmething about a law and people not being able to read contracst@#$@$

Jun 04, 2017 08:02 PM
Ambassador
3,375,119
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

# # Such a great question to ask your instructor - and a great question for a lender.

Jun 04, 2017 06:41 AM
Rainmaker
3,072,430
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Joe Pryor nailed this one!

Jun 04, 2017 06:37 AM
Rainmaker
1,618,016
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

That is the law

Jun 04, 2017 05:44 AM
Rainmaker
4,985,389
Richard Weeks
Dallas, TX
REALTOR®, Broker

Because not doing so would be a violation in the truth in lending act.  But I never discuss financing in any of my marketing so it is not important to me.

Jun 04, 2017 05:37 AM
Rainmaker
5,177,380
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ask a lender. I don't disclose any terms for a loan. And let's not forget it's the law.

Jun 04, 2017 04:30 AM
Ambassador
5,347,030
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Yes, RESPA as others have mentioned...

Jun 03, 2017 10:30 PM
Ambassador
6,523,873
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

It is the law.

Jun 03, 2017 10:25 PM
Rainmaker
7,977,674
Roy Kelley
Retired - Gaithersburg, MD

You must comply with laws and regulations.

Jun 03, 2017 12:00 PM
Rainmaker
5,914,798
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

This is done through the lender, not through REALTORS.

Jun 06, 2017 06:32 AM
Rainer
2,315
Valorie Delmar
Delmar & Associates Realty Group @ More Realty, Inc. - Beaverton, OR
5 Star Portland Metro Real Estate Broker

Because the APR represents and reflects the actual costs of both the mortgage interest rate and any fees charged to acquire the loan.  Because of this it is a more accurate way to shop and compare pricing for your loan.

Jun 05, 2017 03:43 PM