Sold "as is" but later found latent defect. Can the buyer back out? Or Seller correct issue? - correct answer Buyer can rescind the offer
What loyalty
... [Show More] do you have to a client? - correct answer Don't disclose motivation or personal information
If a buyer cannot get financing what must be put into contract? - correct answer Contingency clause
Buyer places an offer on a house but next day finds a better home. When can the buyer place an offer on a new property? - correct answer At any time as long as the offer has not been accepted and notice delivered
Proper advertising that is acceptable? - correct answer Female seeking female roommate
Customer doesn't want to sign an agency disclosure pamphlet. Do you still show them the property? - correct answer Yes, note that they would not sign
Highway being moved closer to a house, do you disclose this with a potential buyer? - correct answer Yes, disclose anything that might impact the buyers decision
For asbestos it is best to? - correct answer Do encapsulation
In general, an option contract? - correct answer Must be in writing and is seller binding
Which is NOT considered a fixture? - correct answer Cast iron bench
Someone labeled incompetent wants to buy a house, is the contract valid? - correct answer If incompetent they will need a guardian to sign for them. It's voidable if the incompetent part does sign alone
African American family would like to rent a clubhouse, the owner days no because it is "members only." Is this discriminatory? - correct answer No, because its members only
Old mechanic junkyard being sold to someone. What should be done to the property first? - correct answer Air quality control through EPA environment analysis
Improvements being added such as street lights and sidewalks or a lien on real estate made to secure for specific municipal improvements. Homeowners will be imposed? - correct answer Special assessment
Homeowner leaves for 45 days on vacation and provided limited power of attorney to a broker to sell the property for $111,000. The broker received an offer for 115,000, the broker can? - correct answer Accept the offer
A freestanding custom-built shelf is considered? - correct answer Personal property
Buyer sends an offer, seller accepts then puts the offer in their desk drawer? - correct answer Offer isn't valid until communication of acceptance. The buyer must know about the acceptance [Show Less]