Question: When executing a real estate transaction, d . Parties are only responsible to apply the requirements of federal law. b . Any contractual agreement in
When executing a real estate transaction,
d Parties are only responsible to apply the requirements of federal law.
b Any contractual agreement in place will preempt conflicting state law.
a Only the laws of the state in which the real property is located will be applicable.
c Federal and state laws and local ordinances may apply simultaneously and are to be read together.
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