Multiple Choice
Earnest money may be used as liquidated damages. What are liquidated damages?
A) an amount that the parties agree will compensate them in the event of a breach
B) the actual damages that occur in the event of a breach
C) the punitive damages that occur in the event of a breach
D) the amount of damages incurred in a deceptive trade practice
Correct Answer:
Verified
Correct Answer:
Verified
Q20: An _mortgage is a mortgage in which
Q21: You have decided to invest in commercial
Q22: Typically a site manager at an apartment
Q23: The amount of real estate commissions are
Q24: Discuss RESPA and the Federal Truth in
Q26: You own a house worth $100,000.00 that
Q27: An encumbrance might include an easement, a
Q28: A _title is one that is relatively
Q29: RESPA requires that a copy of the
Q30: The power of sale clause in a