Asked by
Lizeth Murillo
on Dec 18, 2024
Verified
The appraisal and survey must be handed over to the purchaser as part of the document package on closing of the real estate transaction.
Document Package
A set of documents grouped together, often for a specific purpose or requirement.
Appraisal
An estimate of the value of a property prepared by a person trained in the evaluation of the worth of property.
Survey
A systematic method of collecting data from a sample of individuals to gather information and insights on various subjects.
- Understand the essential documents and their purposes in a real estate transaction closing.
Verified Answer
CP
Learning Objectives
- Understand the essential documents and their purposes in a real estate transaction closing.
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