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R07 Advanced mortgage advice: Gap Analysis & Assessment Tool
Which of these statements is TRUE of the house-buying process?
The house purchase transaction is binding on neither party until contracts have been exchanged
The contracts are drawn up by the seller's estate agent
An offer of mortgage cannot be made until all of the searches have been carried out by the seller's solicitor
The seller's solicitor prepares and issues the report on title
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Question Ref. #WL182252.