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Question:
____
This requires knowing who is who in the question. The offeror is the person who made the offer. The offeree is the person who may accept or reject an offer.
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Real estate agents will earn their money once a piece of property is ____.
sold or exchanged
The terms “index,” “triple net” and “flat” are used to describe ____
leases.
All of the following are essential elements of a contract, except ____
performance.
On an exclusive listing, a broker is not disciplined for failure to ____
attach a tax statement to the listing.
Broker Greg took a listing on a commercial office complex and received an option to purchase the property within one month. On the 25th day of the listing, Broker Greg decides to buy the property. Before buying the property, Broker Greg is required to ____
All of the above.
When a broker has a nonexclusive listing, to be legally entitled to a commission, they need to be able to prove they ____
they were the procuring cause of the sale.
Which of the following is an acceptable termination date for an enforceable exclusive listing of residential real property?
180 days after the listing agreement is signed.
When an existing contract is replaced by an entirely new contract, it is an example of ____
novation.
The typical listing contract authorizes a broker to ____
find a purchaser and accept a deposit with an offer to purchase.
The right of possession and equitable title is held by the ____
vendee.
When damages resulting from a breach of the contract are not adequate, each of the following may request specific performance, except the ____
broker.
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