At minimum, a purchaser under a sales contract is required to provide money for the purchase price and proof of insurance at closing.

Question

Quizplus · Accepted Answer

This statement is true. As a purchaser, you are required to provide funding for the purchase price and proof of insurance at the time of closing the sale. This helps ensure that the seller is adequately compensated for the property they are selling, and that the purchaser is protected by insurance.

At Minimum, a Purchaser Under a Sales Contract Is Required