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Real Estate Finance GCC Chapter 12 _ (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED.pdf

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  • real estate finance gcc chapter 12 detailed ans

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8/1/24, 7:12 AM 1/3 none of the above. Real Estate Finance GCC Chapter 12 Jeremiah Terms in this set (10) An agreement to keep open the right to purchase or sell property for a predetermined period of time is called: consideration. an opportunity mortgage. a purchase agreement. an option. an option In order for the seller to be relieved of his/her responsibility in a loan, he/she must obtain from the lender a(n): acquittal. estoppel. release. all of the above. release. Seller -sponsored second mortgages/deeds of trust: are illegal. are subject to different lien priority rules as institutional mortgages. are subject to the same lien priority rules as institutional mortgages. are subject to the same lien priority rules as institutional mortgages. Real Estate Finance GCC Chapter 12 In a purchase money mortgage, the seller is called the: mortgagor. mortgagee. optionee. optionor. mortgagee.
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