Which of the Following Is NOT Required for Real Estate

question 65

Multiple Choice

Which of the following is NOT required for real estate transactions?

• A) Homes must be sold with a one-year warranty unless they expressly state "As Is"
• B) Anyone planning to sell or lease 100 or more lots of unimproved land must file an initial statement of record with HUD
• C) A lender must give a buyer an estimate of cost before finalizing a real estate purchase
• D) HUD must approve an initial statement of record from anyone planning to sell or lease 100 or more lots of unimproved land
• E) Mortgage lenders are required to provide certain disclosures to buyers.

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