What Document Usually Summarizes the Sources,disbursements,charges and Credits Associated with a Real

question 22

Multiple Choice

What document usually summarizes the sources,disbursements,charges and credits associated with a real estate closing?

• A)The purchase contract
• B)The deed of trust
• C)The listing agreement
• D)The settlement statement

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Definitions:

UETA

The Uniform Electronic Transactions Act, which establishes legal recognition for electronic signatures and records in commercial transactions.

Electronic Transactions

Deals or exchanges of goods, services, or information conducted over electronic systems such as the internet.

Online Contracts

Agreements made and signed in an electronic format, using the internet, which are legally binding as traditional paper contracts.

E-Signatures

Digital or electronic symbols attached to an electronic document, used by a person with the intention to sign the document.