Final answer:
A federal RESPA booklet and disclosures must be given to a borrower by a real estate licensee when the federally-related loan is a first lien and the money is used to purchase or refinance a one-to-four unit residential property that is occupied by the borrower as their principal residence.
Step-by-step explanation:
A federal RESPA booklet and disclosures must be given to a borrower by a real estate licensee when the federally-related loan is a first lien and the money is used to purchase or refinance a one-to-four unit residential property that is occupied by the borrower as their principal residence. The Real Estate Settlement Procedures Act (RESPA) requires lenders to provide borrowers with certain disclosures, including a booklet that explains the loan process and the borrower's rights. This is done to ensure transparency and protect borrowers in real estate transactions.