A buyer given possession by the seller one week before close of escrow should be MOST concerned about
A. the impound account.
B. risk of loss.
C. extended title coverage.
D. designation of the escrow holder.
Answer: B. risk of loss.
Business
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An agency relationship may be created between:
a. seller and a buyer b. a broker and escrow agent c. two buyers d. an agent and principal
Business
(I) Municipal bonds that are issued to pay for essential public projects are exempt from federal taxation. (II) General obligation bonds do not have specific assets pledged as security or a specific source of revenue allocated for their repayment
A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.
Business