Practice Test Pt. 2 Flashcards
1
Q
Legal life estate=
A
Homestead for a personal residence
2
Q
Deed/ real estate purchase is NOT valid w/o-
A
An adequate legal description
3
Q
(3) necessary to create agency relationship-
A
1) client
2) agent
3) representation to 3rd party
4
Q
Page #2 under other costs-
A
Closing disclosure form will show buyer escrow account set- up
