If You Sell Your Home Without the Use of a Real

question 60

Multiple Choice

If you sell your home without the use of a real estate agent, you should still make use of a

• A)broker.
• B)insurance agent.
• C)lawyer.
• D)contractor.
• E)rental agent.

---

Definitions:

Lessor

The party who rents or leases a property or asset to another party, known as the lessee.

Financial Lease

A lease agreement where the lessee assumes most of the risks and rewards of ownership, often with an option to purchase the asset at the end of the lease term.

Operating Lease

A lease agreement allowing a company to use an asset without owning it, typically with shorter terms than a finance lease.

Financial Lease

A type of lease in which the lessee has use of the asset for a significant portion of its useful life, and the lease payments are designed to cover the lessor's initial costs.