Real Estate Financing and Contracts Quiz

A commitment to refund the purchase price if the property is sold below value.

A guarantee that the property will appreciate in value over time.

A promise to maintain a property's condition indefinitely.

A promise to compensate the grantee against future claims on the property. (correct)

To ensure insurance coverage for property damages.

To provide a warranty against market fluctuations.

To cover legal fees in case of lawsuits.

To guarantee the correct handling of funds by managers. (correct)

Any lender approved by the Federal Reserve.

Only credit unions.

FHA approved lenders by HUD. (correct)

Any lender without restrictions.

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