Multiple Choice
Choose the one most appropriate answer for each.
-a federal law that deals with procedures to be followed in certain types of real estate closings
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
Q27: The division of ongoing expenses and income
Q28: Choose the one most appropriate answer for
Q29: Under the provisions of RESPA payments outside
Q30: According to the Real Estate Settlement and
Q31: A disinterested party representing both buyer and
Q33: Of the following, the final action to
Q34: In prorating rents, the dollar amount is
Q35: A seller received $81,000 at the close
Q36: A seller received a net amount of
Q37: For what price must a house sell