Which type of transaction must be disclosed to consumers according to RESPA guidelines?

The correct answer is that all transactions involving settlement services must be disclosed to consumers according to RESPA (Real Estate Settlement Procedures Act) guidelines. RESPA is aimed at ensuring transparency in the real estate settlement process and requires the disclosure of all settlement services to help consumers understand the costs associated with their real estate transactions. This encompasses a wide range of transactions beyond just title insurance or real estate sales, including loans used to purchase property, refinances, and any services connected with those transactions, such as credit reports and appraisals. By mandating these disclosures, RESPA seeks to protect consumers from hidden fees and ensures they have access to clear information so they can make informed decisions during the settlement process.