Asked by
Victoria Ayala
on Nov 23, 2024
Verified
Which is most correct? On closing, the purchaser's solicitor completes
A) a sub-search and executions search, while the vendor's solicitor delivers compliance certificates and cash.
B) a sub-search and executions search, while the vendor's solicitor delivers a deed and keys.
C) a sub-search, while the vendor's solicitor delivers a deed and keys.
D) a sub-search, while the vendor's solicitor delivers a deed, keys, and compliance certificates.
Sub-Search
A detailed search or investigation, often supplementary or subordinate to an initial search, to gather additional information or evidence.
Executions Search
A legal process to investigate if there are any outstanding judgments or legal claims against an individual's or company's assets.
Vendor's Solicitor
A legal professional who represents the seller in a property transaction, responsible for the legal aspects of selling the property.
- Identify the documents and searches involved in closing a real estate transaction.
Verified Answer
PH
Learning Objectives
- Identify the documents and searches involved in closing a real estate transaction.