In section 8.3 of the state approved REPC, it states that this purchase is \"sub

Question

In section 8.3 of the state approved REPC, it states that this purchase is "subject to" the buyer qualifying for the loan to obtain the purchase of the property. The "subject to" clause in the REPC is referring to 13. A. B. A breach of contract A Contingency C. The lender D. The Due Diligence Condition 14. Mary Jane falsified her tax information on her loan application. Mary Jane just committed: A. B. Tax fraud Federal Loan Application fraud C. Loan fraud D. Real Estate fraud 15. The penalties for committing Federal Loan Fraud is A. B. Up to $1,000,000 fine Loss of Real Estate License C. 30 years in prison D. All of the above 16. Alex pays a fixed rent on the apartment and the landlord pays all other expenses. Alex has the following type of lease: C. Net Lease A. Gross Lease B. Percentage Lease D. Variable Lease 17. fixed rent on the apartment along with all other expenses associated with the property. Alice Alice pays a has the following type of lease: C. Net-Net-Net Lease A. Gross Lease B. Percentage Lease D. Variable Lease Ethel has leased a store in the local mall. Her rent is based on a the income received by the tenant doing business on the lease. Ethel has the following type of lease: 18. minimum fixed rental fee plus a portion of A. Variable Lease B. Triple Net Lease C. Gross Lease D. Percentage Lease

Explanation / Answer

13 Answer is B- It is a contingency where REPC is subject to buyer getting loan for purchase of property.

14 Answer is B- Mary has committed federal loan fraud.

15 Answer is D- Penalties can rise up to all mentioned in A, B, C depending on severity.

16 Answer is A- Gross lease- When tenant pays flat fees as rent.

Please raise one more question for remaining part as pwer Chegg policy.

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.