Learning On The Go (new info learned as I’m working)

Question 1

What is a “pre-escrow” or when escrow is “pre-opened” ?

Ken: (1)M______t listing (2)ag______s will open (3)e______w before an (4)o______r is accepted so they can order a (5)t______le report (6)ea______y.

Answer 1

(1) Most
(2) agents
(3) escrow
(4) offer
(5) title
(6) early

Question 2

What is a “pre-escrow” or when escrow is “pre-opened” ?

Ken: Most (1)li______g agents will (2)o______n escrow (3)be______re an offer is (4)acc______d so they can order a title (5)r______rt early.

Answer 2

(1) listing
(2) open
(3) before
(4) accepted
(5) report

Question 3

What does TIC stand for?

______ ______ ______

Answer 3

Tenancy In Common

Question 4

What is a Tenancy In Common?

A group of people pooling their resources to buy a property. TICs rely on detailed agreements dictating rules for the building and outlines what owners can and cannot do.

Answer 4

A