Triggering seller agent preparation of seller net sheet

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Reference no: EM132183641

1. Brokerage events triggering a seller's agent's preparation of a seller's net sheet include:

a) entering into a seller's listing agreement.

b) submitting a buyer's purchase agreement offer.

c) Both a and b.

d) Neither a nor b.

2. An offer is considered revoked:

a) by the lapse of time for acceptance stated in the offer.

b) if no time limit exists, by the lapse of a reasonable time without communication of an acceptance.

c) Either a or b.

d) Neither a nor b.

3. The maximum price a prospective buyer can offer to pay for a property is determined by:

a) the amount of funds in the buyer's savings account.

b) the amount of available funds from all sources leftover after deducting the acquisition costs.

c) how seasoned the buyer's agent is at price negotiations.

d) the amount the prospective buyer is willing to pay.

4. A buyer's cost sheet covers:

a) the acquisition costs of the property.

b) the closing charges.

c) Both a and b.

d) Neither a nor b.

5. To form a contract, the agreement needs to include:

a) an offer and acceptance.

b) consideration.

c) capable parties and a lawful purpose.

d) All of the above.

Reference no: EM132183641

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