Module 1 - Lesson 3 Self Assessment Review:

(We suggest you print this page as a study guide for the final exam)

 

Question 3-1 Failure to provide a purchaser with a signed disclosure statement will enable a purchaser to terminate an otherwise binding purchase agreement.

 

Correct Answer: True

​

Question 3-2 Information included on the Sellers Disclosure form is determined by:

 

Correct Answer: Michigan Legislature
 

Question 3-3 Language included in the Sellers Disclosure form may be arbitrarily changed by:

 

Correct Answer: No one

​

Question 3-4 Regarding the Sellers Disclosure, all sellers must do the following EXCEPT:

 

Correct Answer: Seller must leave blank any questions/answers that are unknown to them.