Certificate Quiz and GeneratorCertificate Quiz1. If a property is damaged or condemned before closing, what option does the buyer have? A) Request a price reduction B) Proceed with the purchase without changes C) Terminate the contract D) Sue the seller for damages2. According to the paragraph on "AS-IS CONDITION," what does the buyer acknowledge when entering into this contract? A) That the seller guarantees the property is free of any defects. B) That the buyer is purchasing the property in its current condition without any warranties or guarantees, except as stated in Paragraph 24. C) That the buyer is entitled to a full inspection regardless of any initials. D) That the property must be repaired by the seller before closing.3. What does Paragraph 24 require the seller to disclose? A) Their future moving plans B) Knowledge of any property defects C) The reason for selling D) The property's market value4. According to Paragraph 25, what are considered business hours? A) 9:00 AM to 5:00 PM B) 8:00 AM to 6:00 PM Chicago time C) 24 hours a day D) Weekends only5. What does Paragraph 26 address? A) Property tax obligations B) Electronic signatures C) Homeowners association rules D) Mortgage interest rates6. What is the purpose of Paragraph 27 regarding escrow? A) To outline the property's closing date B) To specify the escrow agent's responsibilities C) To determine the buyer's loan approval D) To list the property's included appliances7. What does Paragraph 31 pertain to? A) Home inspection requirements B) Sale of the buyer's existing real estate C) Seller's disclosure of lead-based paint D) Buyer's credit score8. In Paragraph 35, what happens if the seller remains in the property after closing? A) They must vacate immediately B) They pay a daily rental fee C) The buyer cannot take possession D) The contract is voided9. What is addressed in Paragraph 34 regarding alternative energy? A) Installation of wind turbines B) Use of solar panels and related financial obligations C) Energy-efficient appliances D) Electric vehicle charging stations10. What is the significance of Paragraph 30? A) Confirmation of dual agency B) Agreement on property taxes C) Disclosure of neighborhood amenities D) Outline of financing terms11. What does Paragraph 38 cover? A) Miscellaneous provisions for special sale types B) Standard home sale procedures C) Buyer's employment history D) Seller's future property purchases Submit QuizCertificate Generator Full Name: Title/Position: Date: Generate CertificateCertificate of AchievementThis is to certify thathas successfully completed the requirements as
