Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4 buge's ofer lo purchase a home wes accepted over several other offers on the same property. Per the buyer's request, thebroker wrote the contract

4 buge's ofer lo purchase a home wes accepted over several other offers on the same property. Per the buyer's request, thebroker wrote the contract with a 17-day loan approval contingency. The broker did not write in terms for the type of loan because the buyer assured the broker that if the loan did not go through, she would pay cash for the property. Which cicumstance would allow the buyer to get her earnest money returned it she decides to cancel the transaction within theproper fine frames ?OA. An undisclosed obligation shows the lender he cannot qualify the buyer during the specified contractual time.O B. On the 12th day of the accepted offer, the buyer's uncle decides not to give her the cash she needs in order to close.O C. I the broker passes away 16 days after the contract is accepted, the buyer can legally cancel.O D. Her lander informs the buyer that the appraisal came in higher than written in the contract, therefore the loan will actually cost her three points instead of one,

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Pauline Weetman

6th Edition

0273789252, 978-0273789253

More Books

Students also viewed these Accounting questions

Question

=+c) What can you say about the form of the relationship?

Answered: 1 week ago

Question

How much sales tax did Dillards pay in New Mexico (NM)?

Answered: 1 week ago