Examlex
All of the following statements are true EXCEPT:
Outstanding Mortgage
The remaining amount of money owed on a mortgage not yet repaid to the lender.
Utmost Good Faith
A principle that obliges all parties to an insurance contract to act honestly and disclose all relevant facts.
Real Estate Agent
A licensed professional who represents buyers or sellers in real estate transactions, facilitating the process of buying, selling, or renting property.
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