User Account

All Pages

Prds purchase agreements

Assignment Help Business Economics
Reference no: EM133130257

1.Which of the following statements is FALSE statement regarding the PRDS purchase agreements? (Tough question!)

The PRDS contract generally has a more robust section for selecting specific items to be included in the sale than the CAR forms

The PRDS contract requires that the same party pay for both the escrow fees and the owner's policy of title insurance

The PRDS contract allow for a separate title contingency period

The PRDS contract allow the parties to separate out payment of escrow fees vs. title policy costs.

2.Which BEST describes a TRUE relationship between the CAR and PRDS purchase agreements?

Only the PRDS form can be used in California to purchase property

Some real estate agents are allowed to use either the CAR or PRDS forms to purchase property in California

The CAR and PRDS both have the same default terms

Only the CAR form can be used in California to purchase property.

3.Which of the following BEST describes the purpose of the PRDS purchase agreement?

A standardized set of forms used by real estate agents to sell homes

A program used by real estate agents to create their "home sales flyer"

A website that provides a method to check for liens against a property

A program used to list homes for sale on MLS (Multiple Listing Service)

4.Which of the following BEST describes the purpose of the CAR purchase agreements?

An agreement between the utility company and a seller

A program used by real estate agents to create their home sale flyers

A legal agreement between a real estate agent and a law firm

A standardized set of forms used by real estate agents to sell homes

An agreement between the utility company and a buyer

5.Which of the following is FALSE statement regarding PRDS and CAR purchase agreements?

The CAR agreement does not explicitly require a licensed contractor, but does require more paperwork.

The CAR purchase contract has set requirements as to who pays property taxes and HOA fees

The PRDS purchase agreement specifies that repair work needs to be done by a licensed contractor.

The PRDS contract has a separate paragraph dedicated to the seller's obligation to maintain and deliver the property - "broom clean".

Reference no: EM133130257

Questions Cloud

Economic advantages of public health initiatives : 1) What is the economic advantages of public health initiatives such as maternity and child health?
Draw a graph showing how a country export sector : Draw a graph showing how a country's export sector is affected by a change from autarky to free trade. Be sure that you properly label
How did the famous team of dow and jones : How did the famous team of dow and jones become business partners
Conventional wisdom or stereotype of iran : Satrapi tells us straight up that her purpose in writing the book is to challenge the conventional wisdom or stereotype of Iran as a nation of "fundamentalism,
Prds purchase agreements : 1.Which of the following statements is FALSE statement regarding the PRDS purchase agreements? (Tough question!)
Name a product that you regularly purchase : Name a product that you regularly purchase from a firm that operates in an oligopolistic industry. Explain why the product and firm fit the model of oligopoly.
How much depreciation will be charged : A brand new machine is purchased at the beginning of the year for $600,000. How much depreciation will be charged to the Income Statement
Important connection between the state and market : An important connection between the state and the market is rent seeking activities by interest groups to lobby for government regulation. Explain how would int
How many sandwiches does she need to sell per month : An estimate of her costs/revenues are as follows: average sales price per sandwich: $12.75; How many sandwiches does she need to sell per month

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd