Master the Real Estate License Exam: Closings: Chapter 13 of 14Peterson's Master the Real Estate License Exam: Closings helps you understand what steps need to be taken prior to the closing, the closing itself, and what happens after the closing, with essential information on types of closing, documents for the closing, what the buyer produces at the closing, the seller's costs at closing, and credits, debits, and proration. Whether you've just finished your real estate coursework or you're interested in changing careers, Peterson's Master the Real Estate License Exams provides you with everything you need to sharpen your Real Estate License Exam test-prep skills. Peterson's Master the Real Estate License Exams details essential real estate concepts, including the law of agency, types of ownership, contracts and deeds, and thorough information on those aspects of real estate laws, rules, and regulations that vary by state. |
Common terms and phrases
abstract of title Appraisal fee attorney’s fee buyer and seller BUYER PRODUCES buyer’s attorney certificate of title certificate of Torrens chapter Choice Clearing the Title closing costs closing date correct answer COSTS AT CLOSING deed discount points documents Earnest money easements encumbrances escrow agent Escrow closings Estate License Exams expenses are prorated extra battery FACEBOOK form of closing gives the escrow hazard insurance home inspection identification you need income and expenses lender liens loan marketable title Master the Real mortgage insurance Origination fee payment Peterson’s Master portion of taxes Prepayment penalty prorated between seller purchase price real estate exam real estate laws Real Estate License recorded mortgage Recording fee responsibility seller pays seller to pay SELLER’S COSTS Settlement Cost Booklet state’s real estate status of ownership taxes as prorated title company title insurance title search topics Traditional closings TYPES OF CLOSING typically paid warrant ownership word escrow