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. What’s the biggest reason to make your offer contingent on a professional home inspection?

A) It could reveal issues you were unaware 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 comparative market analysis?

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

B) It shows what similar homes in the area have recently sold for

C) It’s a guide to the minimum acceptable offer

D) It discloses isses with the home that are known to the seller.

4. Most purchase agreements are contingent on which two items?

A) Appraised value

B) Property description

C) Clear title

D) Title insurance