Real Estate Investing Quizzes-A real estate sale where the sale

Answer to Quiz

A real estate sale where the sale price is paid in two or more installments over two or more tax years is called:

Answer: (c), installment sale
An "installment sale" is a transaction in which the sale price is paid in installments. The term also refers to a real estate sale in which the seller spreads the receipt of money and payment of taxes over two or more tax years.

Next Quiz:

Which of the following is not true about title searches for real property?

(a) A title search is typically required by mortgage lenders
(b) A title search is designed to uncover any liens, claims or mortgages against the property
(c) A title search can only be performed by a regulated title search company
(d) A title search is designed to show who is the owner of the property

Word of the Day

Savings Account

A "savings account" is an account that is maintained with a financial institution such...

Savings Account

Newsletter