FinancingGovernment_loansEASY
Barnard made an offer to buy a vacant residence. The offer was accepted by the seller. Prior to the close of escrow, Barnard requested permission from the broker to enter and make minor repairs to the house. Which of the following is true?
Correct Answer
C) The broker needs to get the seller’s permission.
Escrow closes when all conditions are met and documents are recorded.
Answer Options
A
The broker is to get a signed rental agreement from Barnard before allowing him to enter.B
Barnard doesn’t need permission from anyone since he is the equitable owner of the property.C
The broker needs to get the seller’s permission.D
Bernard may only enter to conduct repairs that correct material defects in the property.Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
escrow-proceduresproperty-rights-transferagency-relationships
Key Terms:
equitable titlelegal titleescrow periodseller permissionpre-closing access
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