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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

QUIZ: FROM CONTRACT TO CLOSING

 There are many obstacles that can get in the way of a successful closing. The best real estate practitioners know how to prepare their clients well for settlement day and handle any unexpected events that happen along the way. Take this quiz to see if you know how to respond to situations and questions that arise around closing time.

1.The best loan product for first-time buyers with little or no money to put down is often:





2.A typical home owners’ insurance policy doesn’t protect against:





3.Which of the following is not an option if an appraisal is too low?





4.To help ensure a good credit rating when applying for a loan, borrowers should:





5.If the buyers try to cancel the contract because of buyers' remorse, you should:





6 .A good first step to eliminating basement dampness is to:





7 .Which of the following will make a move easier?





8 .Which of the following closing costs is not typically paid by the buyers?