Home Buying/Home Selling Quizzes-In most states, a private home

Answer to Quiz

In most states, a private home inspection performed by a licensed home inspector is required before you can close the sale of a home.

Answer: (b), false
A private home inspection is advisable, but not typically mandated by law prior to purchase of a home. Home inspections can reveal some hidden defects (structural, termites, etc.).

Next Quiz:

A listing agent represents the interest of:

(a) The buyer
(b) The seller
(c) Always both the seller and the buyer

Word of the Day

Stock Option

"Stock option" is an instrument giving the holder the right to purchase shares of...

Stock Option

Newsletter