8. Real Estate Due Diligence Contingencies Addendum

What must the Buyer do with the items received from the Seller if they do not acquire ownership of the property?

• Keep them

• Destroy them

• Return them to the Seller

• Share them with third parties

What type of disclosure statement is the Seller required to provide, according to the document?

• Financial Disclosure Statement

• Natural Hazard Disclosure Statement

• Personal Information Disclosure Statement

• Property Condition Disclosure Statement

What should the Seller's Neighborhood Security Disclosure include?

• The property's landscaping details

• Criminal activity relevant to security on the property

• The Seller's personal security arrangements

• The Buyer's security preferences

What type of document is this?

• Lease Agreement

• Purchase Agreement

• Due Diligence Contingencies Addendum

• Mortgage Application

Which of the following is NOT listed as an item the Seller should provide for the Buyer's review?

• Rental Income Rent Roll statement

• Tenant rental or lease agreements

• Buyer's credit report

• Operating income and expense records

What is the purpose of the Preliminary title report mentioned in the document?

• To provide a history of the property's ownership

• To list the property's previous tenants

• To show the property's mortgage payment history

• To outline the property's renovation history

What is the form number of the Due Diligence Contingencies Addendum?

• Form 304

• Form 314

• Form 279

• Form 352-1

Who prepares the Due Diligence Contingencies Addendum?

• The Buyer

• The Seller

• The Agent/Broker

• The Escrow Company

What can the Buyer do within a specified number of days after receiving certain items for review?

• Request additional documents

• Terminate the agreement based on disapproval

• Automatically become the property owner

• Extend the due diligence period

What state is this document associated with?

• New York

• Florida

• California

• Texas