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Which statements is true regarding an option agreement

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Reference no: EM132821438

Problem 1: Title insurance has allowed for more accessible loans for buyers. This is because:

1. Lender policies can add exemption to the owner's policy.

2. It reduces the risk of loss due to buyer default.

3. It reduces the risk of loss due to title defects.

4. Lender policies are paid for by buyers

Problem 2: Which of the following statements is true regarding an option agreement?

1. The buyer must purchase the property at some future time.

2. The buyer is given the privilege of occupying the property.

3. The seller agrees to sell at a fixed price within a stipulated time.

4. Any payments are refunded should the buyer fail to perform on the agreement.

Reference no: EM132821438

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