Multiple Choice
Choose the one most appropriate answer for each.
-deposit of documents and funds with a neutral third party plus instructions as to how to conduct the closing
A) 30-day month
B) beneficiary statement
C) CC&Rs
D) closing date
E) closing meeting
F) deed delivery
G) dry closing
H) escrow agent
I) escrow closing
J) good faith estimate
K) HUD settlement statement (HUD-1)
L) loan escrow
M) offset statement
N) outside of the closing
O) prorate
P) RESPA
Q) settlement meeting
R) settlement statement
S) title closing
T) walk-through
Correct Answer:

Verified
Correct Answer:
Verified
Q38: Under the Real Estate Settlement and Procedures
Q39: Choose the one most appropriate answer for
Q40: Escrow accounts are opened for the protection
Q41: The escrow agent is always selected by
Q42: Choose the one most appropriate answer for
Q44: The proration of prepaid condominium association dues
Q45: In an escrow closing, the escrow agent
Q46: The seller has just sold her home
Q47: A seller has agreed to pay 80%
Q48: Choose the one most appropriate answer for