All of the following are included in the acquisition cost of land except
A) costs of clearing land to construct a building.
B) transfer taxes.
C) attorney's fees to prepare closing documents.
D) cost of land survey.
E) architect fee for new building.
E
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The provisions of the Real Estate Settlement Procedures Act (RESPA) apply only to transactions involving certain types of property. Of the following, which types of property must comply with RESPA:
A: Homes and residential dwellings only; B: Urban real estate only; C: Condominiums and other common interest subdivisions; D: One-to-four family residential dwellings.
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When little is known about the problem situation, it is desirable to begin with descriptive research
Indicate whether the statement is true or false
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