A buyer is unable to receive financing in fulfill the financing contingency because the lenders appraisal showed that the sale price of the property exceeded the appraised value by $10,000. What steps made the seller in a conventional loan take?
A. The seller may obtain a reappraisal report that indicates that the appraised value exceeds the sale price
B. The seller may lower the sale price by $10,000
C. Both of the above
D. Neither of the above
Answer: C. Both of the above
Business
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The owner whose five/unit apartment Building would not be allowed by a new zoning Law may be entitled to a (n)
a. nonconforming use b. variance c. accessory use d. special/use permit
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A contract where the buyer pays a minimal amount for each unit purchased from the supplier but shares a fraction of the revenue for each unit sold is a
A) buyback or returns contract. B) revenue-sharing contract. C) quantity flexibility contract. D) quantity discount contract.
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