A fund set aside for replacement of common property in a condominium, PUD, or cooperative project, particularly that which has a short life expectancy, such as carpet or furniture is called:
A) A capital improvements fund
B) A replacement reserve fund
C) A savings fund
D) A contingency fund
Correct Answer:
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Q3: Once you buy a house, the amount
Q4: Which of the following does the Federal
Q5: If you purchase a type of insurance
Q6: A type of foreclosure proceeding used in
Q7: Which of the following is not part
Q8: A period payment cap applies to:
A)Any mortgage
Q9: The commitment issued by a lender to
Q11: The term "servicing" describes:
A)the collection of mortgage
Q12: A two- to-four family property:
A)consists of a
Q13: A home inspection is:
A)a thorough inspection by
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