Texas Real Estate State Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Texas Real Estate State Exam with comprehensive study materials. Engage in multiple choice questions and gain insights with in-depth explanations and examples. Ace your exam confidently!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does FCRA entitle an individual to if credit is denied?

Free insurance
Free appraisal
Free home inspection
Free credit report

The correct answer is: Free credit report

When credit is denied, the Fair Credit Reporting Act (FCRA) entitles an individual to a free credit report. This provision is designed to ensure that consumers can understand why their credit was denied and to verify the accuracy of the information in their credit report. By offering a free credit report, the FCRA aims to promote transparency and give individuals the opportunity to dispute any inaccuracies that may have contributed to the denial of credit, thereby protecting consumer rights in the credit reporting process. The other options, such as free insurance, appraisal, or home inspection, are not provisions included in the FCRA and do not relate directly to the measures intended to help individuals understand and address credit denials.