The buyer submits the Buyer's Affidavit of Title at the closing.
A. True
B. False
Q. 2In the government survey method of legal description, these lines run east and west like lines of latitude:
A. Baselines
B. Range lines
C. Section lines
D. Meridians
Q. 3These natural or artificial objects permanently affixed to the land used as a marker along the boundaries of property:
A. Milepost
B. Control point
C. Turning point
D. Monument
Q. 4The distances and boundary lines of the property starting from a designated marker or monument:
A. Townships
B. Metes and bounds
C. Ranges and baselines
D. Government Rectangular Survey
Q. 5Preparing for the closing requires managing deadlines and all the parties involved in the process.
A. True
B. False
Q. 6In a real estate closing, the buyers confirm they are the purchasers of the property, are over 18 years of age and under no legal disability in this essential document:
A. Seller's Affidavit of Title
B. Agreement of Sale
C. Buyer's Affidavit of Title
D. Buyer's Contingency
Q. 7Harry and Mary just purchased a new home. They paid 360,000.00 for it. The county sent an appraiser to assess the value of Harry and Mary's home. The appraiser assessed the value of Harry and Mary's house at two-thirds of the purchase price. The tax rate is 3.45. What will be the annual property tax on Harry and Mary's home?
What will be an ideal response?
Quick Reply
