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Chapter 9 - Principles I

Pioneer School of Real Estate
Horizontales
A/An __ is an amount that one party must pay at closing or has already paid prior to closing.
__ is for the purpose of making sure that buyers understood the various settlement costs associated with getting a loan to purchase residential real estate.
RESPA does not apply to __ loans.
A real estate __ is the final step in the real estate transaction process.
A/An__ is an amount that a party must receive at closing or that has already been received prior to closing.
Verticales
A/An __ that is owed by one party to a third party will appear as a debit on the closing statement for the buyer or seller who is responsible for the expense.
The Closing Disclosure form must be provided by the lender to the borrower at least __ business days before consummation of the loan.
Recording the __ ensures that the change in ownership is officially documented in public records.
The closing __ provides a detailed breakdown of the financial aspects of the transaction, including the final closing costs.
The __ signs the deed, a legal document that transfers ownership of the property to the buyer.
The __ company or closing agent ensures that all legal and financial requirements are met before facilitating the transfer of ownership.