When a potential buyer makes an offer to purchase,he or she places a deposit on the home.This is known as
A) an advance payment.
B) earnest money.
C) closing costs.
D) buyer's insurance.
Correct Answer:
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Q6: Your annual mortgage payments are $10,000 of
Q30: The Multiple Listing Service (MLS)provides
A)a fee-splitting arrangement
Q31: In the process leading to the sale
Q32: When purchasing a home you first should
Q33: Which item below would most likely not
Q36: Which of the following is not a
Q37: The real estate agent typically represents
A)only himself
Q38: Renting is generally the least costly alternative
A)for
Q39: "Earnest money" is equal to
A)the down payment
Q40: A net listing agreement
A)provides the seller a
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