Which of the Following Is Not an Event That Occurs

question 60

Multiple Choice

Which of the following is not an event that occurs at a real estate closing?

• A) The deed to the property is delivered to the buyer.
• B) The buyer signs the mortgage note (if the purchase was financed by a mortgage).
• C) The seller receives the proceeds of the sale (the purchase price less the amount previously paid by the buyer and less closing costs).
• D) The buyer applies for a loan to purchase the real estate.

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Definitions:

Collaborative Divorce

A method of divorce in which both parties work together, often with professionals, to reach agreements without court intervention.

Domestic Violence

A pattern of behavior in a relationship that is used to gain or maintain control over an intimate partner, encompassing physical, sexual, emotional, or psychological abuse.

Drug Addiction

A chronic, relapsing disorder characterized by compulsive drug seeking, continued use despite harmful consequences, and long-lasting changes in the brain.

Mental Illness

Mental illness refers to a wide range of mental health conditions that affect a person's thinking, feeling, behavior, or mood, potentially impacting their ability to function day-to-day.