Which of the following is NOT required for real estate transactions?
A) Homes must be sold with a one-year warranty unless they expressly state "As Is"
B) Anyone planning to sell or lease 100 or more lots of unimproved land must file an initial statement of record with HUD
C) A lender must give a buyer an estimate of cost before finalizing a real estate purchase
D) HUD must approve an initial statement of record from anyone planning to sell or lease 100 or more lots of unimproved land
E) Mortgage lenders are required to provide certain disclosures to buyers.
Correct Answer:
Verified
Q55: What does the Flammable Fabrics Act of
Q56: Which of the following is not expressly
Q57: Tellez is out one night and loses
Q58: A telemarketer calls a consumer and fails
Q59: Which act states that a creditor must
Q61: Under which of the following circumstances may
Q62: _ is the use of generalities and
Q63: Which of the following can the Fair
Q64: Which of the following is the only
Q65: [Convertibles] Oscar, a new car dealer, advertised
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents