Flashcards in 3.2 Deck (10):
Every page of the _______, including all addenda, must be numbered.
Which formats should the earnest money amount be written in?
Text and numerals
For an electronically communicated offer, non-negotiable evidence of earnest money such as a photo copy of the buyer's _______ is allowed.
When in doubt about the accuracy or completeness of the legal description, you could write "street address to _______ legal" in this space.
If the buyer is receiving financing for 100% of the purchase price, how should the earnest money be handled?
Stipulate in writing that it shall be returned to buyer at closing, or applied to buyer's closing costs.
In one option of "Seller's Disclusure Alternatives" form, the buyer voluntarily waives a seller furnished _______.
Name the 4 main items that require disclosure and cannot be waived by state or federal law.
Presence of lead-based paint, presence of wells, presence of septic systems, knowledge of methamphetamine chemicals or production.
True or False:
The time-of-sale ordinances are the same from city to city.
If the time-of-sale inspection might require work, you could insert a ______ explaining that the seller will complete all work required by the inspection, at their expense, and provide evidence of completion.