Which of the Following Is NOT Required for Real Estate

question 15

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)HUD must approve an initial statement of record from anyone planning to sell or lease 100 or more lots of unimproved land
• C)Mortgage lenders are required to provide certain disclosures to buyers.
• D)A lender must give a buyer an estimate of cost before finalizing a real estate purchase
• E)Anyone planning to sell or lease 100 or more lots of unimproved land must file an initial statement of record with HUD

---

Definitions:

Margin

The difference between the selling price of a product or service and its cost, usually expressed as a percentage of the selling price.

Average Inventory

The mean quantity of stock held over a certain period, calculated to assess inventory levels, manage storage costs, and optimize supply chain operations.

Peak Period

The time frame during which the highest level of activity, usage, or demand occurs.

Off-Peak Period

A time period during which demand for a service or product is lowest, often leading to lower prices.