Author Question: In a real estate closing, the buyers confirm they are the purchasers of the property, are over 18 ... (Read 32 times)

geoffrey · **on:** Aug 3, 2018

In a real estate closing, the buyers confirm they are the purchasers of the property, are over 18 years of age and under no legal disability in this essential document:

A. Seller's Affidavit of Title
B. Agreement of Sale
C. Buyer's Affidavit of Title
D. Buyer's Contingency

Question 2

Harry and Mary just purchased a new home. They paid 360,000.00 for it. The county sent an appraiser to assess the value of Harry and Mary's home. The appraiser assessed the value of Harry and Mary's house at two-thirds of the purchase price. The tax rate is 3.45. What will be the annual property tax on Harry and Mary's home?

What will be an ideal response?

tennis14576 · **Reply #1 on:** Aug 3, 2018

Answer to Question 1

C

Answer to Question 2

The annual tax will be 8,280.00 . (2/3 of 360,000.00 = 240,000.00).
(240,000.000 X .0345 = 8,280.00)