14. What addendum can you attach to the sales contract if your client wishes to have
additional personal property to stay with the property (that is not listed in Paragraph 2B or
2C)?
ANS NON-REALTY ITEMS ADDENDUM
15. Loan to value ratio that represents how much of the sales price is covered by the
mortgage loan.
ANS LTV RATIO
16. Loan in which the lender is allowed to seize the collateral property and could go
after the borrower's other assets if the sale of the property doesn't cover the whole
amount owed to the lender.
ANS RECOURSE LOAN
17. After a real estate transaction fails, both parties can't agree who gets the earnest
money, what should a buyer's agent do?
ANS SEND A WRITTEN DEMAND TO THE TITLE CO
18. Who should the option money be delivered to?
ANS SELLER
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