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) HUD must approve an initial statement of record from anyone planning to sell or lease 100 or more lots of unimproved land
C) Mortgage lenders are required to provide certain disclosures to buyers.
D) A lender must give a buyer an estimate of cost before finalizing a real estate purchase
E) Anyone planning to sell or lease 100 or more lots of unimproved land must file an initial statement of record with HUD
Correct Answer:
Verified
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