Which act deals with real estate settlements?

• A. Real Estate Settlement Procedures Act
• B. Open Public Records Act
• C. Regional Efficiency Aid Program
• D. CEU Requirements

Answer: (A)

Real estate settlement procedures are governed by a law that focuses on disclosures, settlement practices, and preventing kickbacks in residential mortgage transactions. This act requires borrowers to receive clear, timely information about settlement costs, helping them compare fees and avoid surprise charges at closing. It also bans certain improper fee practices and limits arrangements that could bias referrals or inflate costs. Because it specifically addresses how real estate settlements are conducted and what must be disclosed, it is the best answer for a question about which act deals with real estate settlements. The other options pertain to accessing public records, a regional funding program, and continuing education requirements, none of which govern the settlement process in real estate transactions.