Real Estate 84 ch06 quiz with answers

 1 out of 1 points


A real estate licensee may draw up a contract for a party to a transaction without
engaging in the unauthorized practice of law:

Selected Answer: b.

when preparing a standard pre-printed purchase agreement form

Answers: a.

when acting as a dual agent

b.

when preparing a standard pre-printed purchase agreement form

c.

when charging a separate fee for the services

d.

if that party is being represented by a different licensee


 Question 2

1 out of 1 points


A buyer makes and signs a written offer. The seller writes in one small change to the offer
and signs it. This document is known as a/an:

Selected Answer: d.

counteroffer

Answers: a.

, addendum

b.

amendment

c.

modification

d.

counteroffer


 Question 3

0 out of 1 points


A listing agent receives three offers on a house on the same morning before arriving at
the office. The first two offers are for $4,000 and $5,000 less than the listing price, while
the third offer is $20,000 less than the listing price. The agent should:

Selected Answer: a.

submit the offers to the seller in the order they were received

Answers: a.

submit the offers to the seller in the order they were received

b.

submit the offers to the seller according to how attractive they are

c.

discard the third offer since it will be unattractive to the buyer

d.