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The purchaser of real estate under an installment contract
A. generally pays no interest charge
B. receives title immediately
C. has only an equitable interest in the property's title
D. is not required to pay property taxes for the duration of the contract
The purchaser (vendee) holds equitable title during the executory period, while the seller (vendor) retains legal title.
 
 
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MoJo
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More questions for the Virginia Real Estate Exam
Taken: 1,463 times
Added: 10/17/2013
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Audience: Professional
Tags: Estate, Real, the

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Prepare for Real Estate Salesperson License Exams
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These questions are to prepare you to relax your mind, pace yourself and understand the format of the psi real estate salesperson exam so you can pass on your 1st try...more questions to come.
 
 
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