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6 Cards in this Set

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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
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
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
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
In an escrow closing, the signed deed is first delieved to:

a. Buyer
b. Seller
c. Escrow agent
d. Attorney
c. Escrow agent
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