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NC Real Estate Exam overview 2 Flashcards | StudBud
NC Real Estate Exam overview 2
1 / 31
An installment land contract was used to finance a purchase. Which of the following is false?
A
The buyer is the vendor, the seller is the vendee
B
The seller retains legal title until the purchase price is paid
C
In a default, the buyer looses all money paid to seller
D
The buyer is given possession at closing
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