Asked by
Gabriella Ceccarelli
on Dec 18, 2024Verified
A "letter of requisition" is the purchaser's formal demand on closing that the vendor deliver the property up in return for payment.
Letter of Requisition
A formal written request, often used in official or professional settings, to demand the provision of goods, services, or information.
Formal Demand
A formal request, usually in writing, requiring a person or entity to fulfill a legal obligation or payment.
Payment
The act of transferring money or its equivalent in exchange for goods or services.
- Recognize the necessary documents and searches for concluding a real estate deal.
Verified Answer
MK
Learning Objectives
- Recognize the necessary documents and searches for concluding a real estate deal.