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6 Cards in this Set
- Front
- Back
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Who coordinates and supervises the activities to close escrow:
a. Buyer b. Seller c. Broker d. Title Insurance Company |
c. Broker
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At the end of an escrow, who supplies all the final documents to be given to the parties?
a. Broker b. Seller c. Buyer d. Title company |
d. Title company
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While a transaction is in escrow a problem develops, and the matter is turned over to court. This would be considered:
a. Litigation b. Interpleader c. Mediation d. Mutual assent |
b. Interpleader
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When an escrow is closed by an escrow company, attorney, or broker which of the following forms must be filed with the IRS:
a. 1099 INT b. K-1 c. 1099 S d. W-2 |
c. 1099 S
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In an escrow closing, the signed deed is first delieved to:
a. Buyer b. Seller c. Escrow agent d. Attorney |
c. Escrow agent
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Which of the following is not a charge to the seller on a settlement sheet?
a. Interest on existing loans b. Property taxes c. Property insurance d. Property assessments |
c. Property insurance
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