Ch 22 buying a Home

Ch 22 buying a Home

11th - 12th Grade

15 Qs

quiz-placeholder

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Ch 22 buying a Home

Ch 22 buying a Home

Assessment

Quiz

Business

11th - 12th Grade

Medium

Created by

Maricela Castillo-Muniz

Used 5+ times

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15 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The meeting at which the title to the property is transferred from seller to buyer is the closing.

True

False

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A financial claim on property is called Deed

True

False

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The value of a home is the highest price that the property will bring on the market is known as the Market value.

True

False

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The title insurance is a policy protects the buyer and the lender against any claims arising from a defective title.

True

False

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A legal document that transfers title of real property is the deed.

True

False

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

An acceptance is not a formal agreement to the terms of an offer.

True

False

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Real Estate agents earn a commission for their work, which is a percentage of the sale price.

True

False

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