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1. A buyer wants to back out of a deal a week before closing. The seller has moved to another state. Which recourse does the
1. A buyer wants to back out of a deal a week before closing. The seller has moved to another state. Which recourse does the seller have? a)The seller may ask the sheriff to enforce the contract. b)The seller may file an adverse action against the buyer's credit report. c)The seller should sue the buyer's brokerage for liquidated damages d)The seller should consult a real estate lawyer. 2. Which of the following statements about the mortgage registry tax for mortgaged properties in Minnesota is CORRECT? a)It is waived for senior citizens who have reverse mortgages. b)is assessed at the rate of $0.23 per $100. c)It is waived for homestead property only. d)It is based on the principal only after the deduction for homesteading 3. A Minnesota homestead owned by a married person and occupied only by the person and their adult child is conveyed. Who must sign the deed? a)The person only b)The person and their spouse only c)The person and adult child only d)The spouse and adult child only
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