1. What documents provided by the seller describes the condition of the property?

A). Home inspection report B). Loan estimate C). Comparative market analysis D). Property disclosure

2. Whats the biggest reason to make your offer contingent on a professional home inspection?

A). It could reveal issues you were unawar of

B). It will help you negotiate a lower price

C). Lenders require professional inspection

D). Professional inspection is required by law.

3). Which one of these is the best description of comparativemarket analysis?

A). It shows the list prices of similar homes in the area

B). It shows what similar homes in the area have recently soldfor

C). It's a guide to the minimum acceptable offer

D). it discloses isses with the home that are known to theseller.

4. Most purchse agreement are contingent on which two items?

A). Appraised value B). Property description C). Clear title D).Title insurance

5). Which one of these will most likey required a specalizationinspection?

A). Mold B). Roof C). Windows D). Interior C). Structuralcomponents

6). Which two of these should you do if your lender rejects yourloan application?

A). Ask your home inspector why B). Ask your lender why C). filea diapute with the fair credit agency D). Shop for a differenttender or thype of mortgage

7. Which set of items appers on a loan estimate?

A). Inspection contigency, legal property description, intrestrate.

B). Interest rate, estimated montly payment, estimates cash toclose.

C). Credit score, inspection contigency, prepayment penalty

D). Recommended repairs, estimated cash to close, private swerand well disclosure.

8. Who delivers your offer to the seller?

A). You B). Your real estate agent C). Your lender D). None ofthe above

9. Which one of these is not a smart way to negotiate?

A). Make counteroffers by phone or in person, so you can useyour power of persuasion.

B). Go in knowing the maximum you're willing to pay

C). Learn about the seller's needs and try to accommodatethem

D). Add a personal letter to your offer