When a listing is taken how does the agent confirm the amounts owed on the mortgages?
(a) Order an Estoppel Certificate.
(b) The seller must list all lien amounts on the Seller's Proceeds Sheet.
(c) The listing agent should personally contact all lien holders and verify balances.
(d) Have the title company verify balances.
Answer: (a) Order an Estoppel Certificate.
You might also like to view...
A class-action lawsuit was brought against a national burger chain, charging that its food contributed to the nationwide obesity epidemic
The suit was eventually dismissed, but critics continue to point out the health dangers of many fast food menu items. From the description, it can be concluded that these critics are concerned that the fast food industry is ________. A) using high-pressure sales tactics B) creating deceptive promotions C) engaging in deceptive pricing D) utilizing misleading packaging E) selling harmful products
I am open and non-defensive, being quick to admit when I do not have the answer, or when I have made a mistake
I listen attentively to the ideas and feelings of others, actively communicating my interest in their contributions, and my understanding of their points of view. I am willing to be influenced by others. I give credit to others for their ideas and accomplishments. I make sure that everyone has a chance to be heard before decisions are made, even when I do not agree with their position. I show trust in others, and I help them to bring out and develop their strengths and abilities. a. participation and trust b. reward and punishment c. common vision d. assertive persuasion e. none of the above