Exam- From Contract to Closing in Alabama- Section 5 Questions and Answers

Exam- From Contract to Closing in Alabama- Section 5
Questions and Answers
A Correct Answer-When is the mortgage loan commitment or title insurance contract

signed?




A. At the closing




B. The day after closing on the property to ensure proper transfer of title




C. The day prior to closing




D. Weeks prior to closing




A Correct Answer-At the closing table, who examines all documents for buyers and

represents


their best interests?




A. Buyer's attorney

, Exam- From Contract to Closing in Alabama- Section 5
Questions and Answers
B. Escrow agent




C. Lender's attorney




D. Title insurance representative




A Correct Answer-The ______ is usually responsible for ordering and reviewing the survey

of the


property.




A. Buyer




B. Lender




C. Seller




D. Title insurance representative