"Earnest money" is equal to
A) the down payment on the home.
B) closing costs.
C) the deposit on the purchase of the home.
D) the sales commission.
Correct Answer:
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Q6: Your annual mortgage payments are $10,000 of
Q35: When a potential buyer makes an offer
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
Q40: A net listing agreement
A)provides the seller a
Q41: Fixed rate mortgage typically have a
A)higher initial
Q42: On a fixed rate mortgage,
A)the contract rate
Q43: Closing costs are also termed
A)settlement costs.
B)recognition costs.
C)listing
Q44: "Marketable title" exists when
A)the home is reasonably
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