Contracts Practice Question | Real Estate Exam | EstatePass

Contracts

What determines who pays for what and how much at closing?

A

The government

B

The seller

C

The buyer

D

Proration

Explanation

Proration is the allocation or division of money items at the closing based on the closing date.

More Contracts Questions

Which of the following is NOT a requirement for a valid real estate contract?

An offer to purchase real estate is terminated by all of the following EXCEPT:

Earnest money in a real estate transaction serves to:

A bilateral contract is one in which:

The statute of frauds requires that:

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Get Started Free