Rick purchases a unit in a common interest community. He owns the unit in which he lives, but shares ...

Rick purchases a unit in a common interest community. He owns the unit in which he lives, but shares ownership of common areas with other unit owners. Rick has most likely purchased:
 
  A. Cooperative
   B. Condominium
   C. Time Share
   E. Leasehold

Q. 2

The APA provides that an agency may issue a(n) _____ order to resolve questions of law that have arisen but have not yet been contested.
 
  Fill in the blank(s) with correct word

Q. 3

The culmination of the sale and purchase process is the:
 
  A. Sales agreement
   B. Closing
   C. Title search
   D. Qualifying for financing

Q. 4

Which of the following is not true about government backed mortgages?
 
  A. Each agency has its own lending requirements
   B. Agency lending requirements can be more burdensome than traditional lending practices
   C. A borrower does not have to be a veteran to qualify for a loan under the VA program
   D. Agencies lend money directly to the borrower

Q. 5

The tort of outrage is also called the tort of
 
  a. negligence
  b. false arrest
  c. battery
  d. intentional infliction of emotional distress

Q. 6

For most individuals, the purchase of a new home is the most significant purchase made during their lifetime.
 
  A. True
   B. False