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

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Definitions:

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A psychological trait that drives an individual to pursue and attain challenging goals, as defined by David McClelland.