1. Explain the difference between marketable title and insurable title

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2. What items usually are prorated in a real estate contract

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3. If, under a real estate contract, the seller is to provide financing to the purchaser, what issues should be covered concerning seller financing?

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4. At what time do most real estate contracts provide that the purchaser will take possession of the property?

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5. What is a closing, and why is its date important in a real estate contract?

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6. What is earnest money, and what is its role in a real estate contract?

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