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Exam (elaborations)

CHAPTER 9 EXAM WITH QUESTIONS AND ANSWERS.

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Which of the following is not an item that a buyer usually pays at closing? Fee for clearing the title Mortgage recording fee Homeowner's insurance ALTA policy - CorreCt Answers -A Accepting referral fees is common business practice. could be a violation of state licensing laws. is forbidden under any circumstances. is permissible in amounts under $50. - CorreCt Answers -B Proof of ownership of a property is called what? Marketable title Abstract of titleEvidence of title Title commitment - CorreCt Answers -C

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Institution
CHAPTER 9
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CHAPTER 9

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CHAPTER 9 EXAM WITH QUESTIONS AND
ANSWERS.

Which of the following is not an item that a buyer usually pays at closing?


Fee for clearing the title
Mortgage recording fee
Homeowner's insurance
ALTA policy - CorreCt Answers -A


Accepting referral fees


is common business practice.


could be a violation of state licensing laws.


is forbidden under any circumstances.


is permissible in amounts under $50. - CorreCt Answers -B


Proof of ownership of a property is called what?


Marketable title
Abstract of title
$22.46
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