The First Step in the Home-Buying Process Should Be to

question 53

Multiple Choice

The first step in the home-buying process should be to

• A)identify the specific home you want to purchase.
• B)determine a realistic price range of homes you can afford.
• C)compare the cost of buying to renting.
• D)find a good realtor.

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Definitions:

Res Ipsa Loquitur

Latin, meaning “the thing speaks for itself,” which is also known as the doctrine of common knowledge.

Respondeat Superior

Latin, meaning “let the master answer,” a doctrine under which an employer is legally liable for the acts of his or her employees, if such acts were performed within the scope of the employee’s duties.

Duces Tecum

a court order that requires an individual to produce documents or records for a legal proceeding.