Real Estate Law 82

admin 2019.05.15 16:07 Views : 189

Check Your Understanding Answers

  1. Although it’s not required, why is it a good idea for agents to attend escrow closings?

    Not only may issues arise that the agent can quickly resolve without delaying closing, it’s an exciting time for clients to sign final paperwork and could lead to repeat business. It’s essentially a good business practice.
     
  2. What are closing costs?

    Fees and expenses to settle the transaction.
     
  3. When does an escrow close?

    An escrow only closes when all deeds associated with the transaction have been recorded.
     
  4. What is the Foreign Investment in Real Property Tax Act?

    The Foreign Investment in Real Property Tax Act prevents foreign investors from avoiding paying taxes on the sale of real property.  

    If the seller is not a U.S. citizen or green card holder, the escrow agent must withhold 15% of the net proceeds of the sale and send it to the IRS within ten days of closing.
No. Subject Author Date Views
302 Quiz 12 admin 2019.05.15 13581
301 Real Estate Law 85 admin 2019.05.15 231
300 Real Estate Law 84 admin 2019.05.15 240
299 Real Estate Law 83 admin 2019.05.15 321
» Real Estate Law 82 admin 2019.05.15 189
297 Real Estate Law 81 admin 2019.05.15 232
296 Real Estate Law 80 admin 2019.05.15 229
295 Real Estate Law 79 admin 2019.05.14 218
294 Real Estate Law 78 admin 2019.05.14 246
293 Quiz 11 admin 2019.05.13 11018
292 Review Chapter 11 admin 2019.05.13 14154
291 Real Estate Law 77 admin 2019.05.13 236
290 Real Estate Law 76 admin 2019.05.13 215
289 Real Estate Law 75 admin 2019.05.13 225
288 Real Estate Law 74 admin 2019.05.13 226
287 Real Estate Law 73 admin 2019.05.13 218
286 Real Estate Law 72 admin 2019.05.13 196
285 Real Estate Law 71 admin 2019.05.13 217
284 Real Estate Law 70 admin 2019.05.13 217
283 Real Estate Law 69 admin 2019.05.13 247