QUESTIONS AND CORRECT ANSWERS
VERIFIED A+
●● Protection clause requires buyer introduced during.
Answer: Valid BCI period
●● Seller refuses to sign deed after acceptance.
Answer: Breach
●● Buyer refuses to sign deed after acceptance.
Answer: Breach
●● BCI remuneration payable when.
Answer: Conditions fulfilled
●● BCI remuneration not dependent on.
Answer: Deed signature necessarily
●● Deposit forfeiture depends on.
Answer: Contract terms
,●● Seller cannot sell through another broker during exclusive.
Answer: True
●● Non-exclusive BCI allows multiple brokers.
Answer: True
●● Broker must disclose dual agency.
Answer: Yes
●● Broker representing both parties must.
Answer: Act fairly and transparently
●● Broker failure to disclose conflict.
Answer: Disciplinary breach
●● Seller's declaration is completed by.
Answer: Seller
●● Broker must verify inconsistencies in.
Answer: Seller declaration
,●● Hidden defect liability governed by.
Answer: Civil Code
●● Latent defect requires.
Answer: Serious, hidden, unknown defect
●● Buyer must act diligently in inspection.
Answer: Yes
●● Zoning non-compliance affects.
Answer: Use and value
●● Undivided co-ownership risk.
Answer: Solidary debt
●● Divided co-ownership includes.
Answer: Declaration of co-ownership
●● Condo fees unpaid become responsibility of.
Answer: Buyer after deed
●● Mortgage clause must be declared fulfilled by.
, Answer: AS
●● Inspection clause deadline strict?.
Answer: Yes
●● Financing clause deadline strict?.
Answer: Yes
●● AS confirms.
Answer: Condition fulfillment
●● Amendment modifies.
Answer: Existing accepted contract
●● Counterproposal replaces.
Answer: Prior offer
●● New PP required when.
Answer: Fundamental terms renegotiated after nullity
●● PP null due to expired condition.
Answer: Contract ceases