
RE2 Unit 10- Closing Procedures
Quiz by Philon
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Earned interest on existing assumed mortgage not yet payable
Seller-financed purchase-money loan
Earned portion of general real estate tax not yet due
Sales price
Prorated premium for prepaid portion of fire insurance
Unearned portion of general real estate tax, if paid in advance
Indicate whether it is something that the buyer or the seller is responsible for depositing with the escrow agent prior to closing. Loan Documents
For each document listed, indicate whether it is something that the buyer or the seller is responsible for depositing with the escrow agent prior to closing. Deed conveying the property
For each document listed, indicate whether it is something that the buyer or the seller is responsible for depositing with the escrow agent prior to closing. Balance of cash needed to complete transaction
For each document listed, indicate whether it is something that the buyer or the seller is responsible for depositing with the escrow agent prior to closing. Payoff Statement
For each document listed, indicate whether it is something that the buyer or the seller is responsible for depositing with the escrow agent prior to closing. Survey
For each document listed, indicate whether it is something that the buyer or the seller is responsible for depositing with the escrow agent prior to closing. Title Evidence