Unless the arbitration provision states arbitrator award

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Reference no: EM132183704

1. Unless the arbitration provision states an arbitrator's award is ________, the award resulting from arbitration brought under the clause is binding and final.

a) subject to legislative review

b) non-binding in California

c) subject to judicial review

d) All of the above.

2. _______ is an informal, confidential and non-binding form of dispute resolution designed to help the parties reach an accord without litigation while still allowing judicial intervention.

a) Intervention

b) Arbitration

c) Judicial counseling

d) Mediation

3. Purchase agreement variations for one-to-four unit residential sales transactions include purchase agreements for:

a) negotiating the conventional financing of the purchase price.

b) negotiating a short sale.

c) negotiating separate broker fees paid to each broker.

d) All of the above.

4. Addenda attached to a purchase agreement include:

a) property disclosures.

b) financing disclosures.

c) agency relationship disclosures.

d) All of the above.

5. An equity purchase (EP) transaction takes place when an owner- occupied, one-to-four unit residential property in foreclosure is acquired for _____________ purposes by an EP investor.

a) rental

b) investment

c) dealer

d) Any of the above.

Reference no: EM132183704

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