Ch 22 buying a Home
Authored by Maricela Castillo-Muniz
Business
11th - 12th Grade
Used 5+ times
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15 questions
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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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