1.3

Question 0

Once the purchase agreement is signed and delivered to the parties, and earnest money is deposited, the most important next task is to notify _______.

Answer 0

the closer

Question 1

The _____ of ______ is making the final settlement of the purchase agreement at closing.

Answer 1

Doctrine of Merger

Question 2

The ______ will prepare a bill-of-sale to convey the personal property to the buyer upon successful closing of the real estate transaction.

Answer 2

closer

Question 3

If you can’t attend your client’s closing, arrange for a _______ to stand in for you.

Answer 3

licensed real estate collegue

Question 4

As a listing agent, you should first contact the ________ once a purchase agreement is signed.

Answer 4

real estate closer

Question 5

True or False:

Generally, a probate deed will be the form of title conveyance at most closings.

Answer 5

False

Question 6

The ______ concept says that the purchase agreement is extinguished after signing of the closing documents.

Answer 6

The Doctrine of Merger

Question 7

_______ closers typically participate in a closing.

Answer 7

Two