assessment Flashcards
1
Q
A(n) ___ provides information about the exact location and the size of the property
A
Survey
2
Q
The primary purpose of a(n) ___ is to verify that necessary repairs have been made, property has been well maintained, all fixtures are in place, and no unauthorized removal or alteration of any part of the improvements has taken place
A
final inspection (walk-through)
3
Q
A method of closing in which a disinterested 3rd party is authorized to act as escrow agent and coordinate closing activities
A
Escrow
4
Q
If the escrow agent’s examination of title discloses ___, a portion of the purchase price can be withheld from the seller
A
liens
5
Q
If the escrow agent’s examination of title discloses liens, a portion of the purchase price can be withheld from the ___
A
seller
6
Q
A
