Choose the One Most Appropriate Answer for Each

question 6

Multiple Choice

Choose the one most appropriate answer for each.
-the process of completing a real estate transaction

• A)30-day month
• B)beneficiary statement
• C)CC&Rs
• D)closing date
• E)closing meeting
• F)deed delivery
• G)dry closing
• H)escrow agent
• I)escrow closing
• J)good faith estimate
• K)HUD settlement statement (HUD-1)
• L)loan escrow
• M)offset statement
• N)outside of the closing
• O)prorate
• P)RESPA
• Q)settlement meeting
• R)settlement statement
• S)title closing
• T)walk-through

---

Definitions:

Cronbach's Alpha

A measure used in statistics to assess the reliability, or internal consistency, of a set of scale or test items.

Internal Reliability

A measure of consistency within a psychological test, indicating how closely related the items in the test are as a group.

Mean

The average score on a scale, calculated by adding everyone’s scores and dividing by the number of scores.

Descriptive Statistics

Numbers such as the mean, median, and mode.