Multiple Choice
Choose the one most appropriate answer for each.
-the process of completing a real estate transaction
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
Q1: Deed delivery in an escrow is accomplished
Q2: The deposit of documents and funds with
Q3: Choose the one most appropriate answer for
Q4: In a closing statement, the amount of
Q5: Choose the one most appropriate answer for
Q7: Choose the one most appropriate answer for
Q8: One advantage of the escrow closing method
Q9: Pat bought a home for $75,000. He
Q10: A 9% amortized loan with a November
Q11: A buyer's walk-through is conducted for the