PF7: The Remaining Promulgated Forms

These homes do not include the land underneath the unit.

• Townhome

• Condo

• Single-family home

• Multi-family home

How old must a resale certificate be in a condominium contract?

• 3 months

• 6 months

• 1 month

• 9 months

Who is responsible for returning casualty loss, returning the condo to its previous condition by closing?

• Buyer

• Seller

• Seller's agent

• HOA

This contract is used for property that doesn't include improvements, accessories, or exclusions and is used for the use of land.

• Unimproved Property Contract

• New Home Contract (Incomplete Construction)

• Farm and Ranch Contract

• Condominium Contract

This contract is used for property that doesn't include improvements, accessories, or exclusions and is used for the use of land.

• Unimproved Property Contract

• New Home Contract (Incomplete Construction)

• Farm and Ranch Contract

• Condominium Contract

This contract includes procedures for buyers to recover damages for construction defects.

• Unimproved Property Contract

• New Home Contract (Incomplete Construction)

• Farm and Ranch Contract

• New Home Contract (Completed Construction)

This contract does not require a Seller's Disclosure.

• Unimproved Property Contract

• New Home Contract (Incomplete Construction)

• Farm and Ranch Contract

• New Home Contract (Completed Construction)

This contract focuses on agricultural property and uses metes and bounds for property description.

• Unimproved Property Contract

• New Home Contract (Incomplete Construction)

• Farm and Ranch Contract

• New Home Contract (Completed Construction)

Up to what point can a seller harvest the crops in sale?

• the day of closing

• anytime

• the day before closing

• one day after closing

Which of these is NOT a common mistake made on promulgated contract forms?

• Missing required information

• Entering NA rather than leaving blank

• Naming the parties

• Identifying the property