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:

International Sales

Transactions involving the sale of goods between parties located in different countries, governed by international sales law.

Business-to-Business

Referring to commerce transactions or relationships between two or more businesses rather than between businesses and consumers.

United Nations Convention

An international treaty drafted and adopted by member states of the United Nations, addressing various global issues and subjects.

Voidable Title

A legal status indicating that a title or ownership can be declared invalid by one of the parties due to certain defects or fraudulent circumstances.