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How Well Do You Know Real Estate?

Across
The transaction where title passes from seller to buyer and the seller is paid. A settlement statement shows all costs incurred and gained by both parties.
The homeowner’s part of the property value over and above the outstanding balance owed to the mortgage company.
Local requirements for the use of real estate in a particular area
The act of best effort of ensuring that all statements about the real property are true.
A person who purchases real estate.
Down
A condition that must be met before a contract is legally binding, or before a sale is to be completed. The contingency provides an out or an escape from performing if the condition is not met.
A relationship which implies a position of trust or confidence. Among the obligations a fiduciary owes to his principal are duties of loyalty, obedience, full disclosure, the duty to use skill, care and diligence, and the duty to account for all finances.
A neutral third party holds other people’s funds in a secure account for future use.