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During Broker Shaw's Preparation of the Exclusive Authorization and Right

Question 10

Multiple Choice

During Broker Shaw's preparation of the Exclusive Authorization and right to Sell on Seller Norman's property, Norman asked that a clause be included which would require the buyer to accept primary liability in connection with the existing loan is transferred to the buyer. Shaw should enter with of the following in Paragraph 2 of the Exclusive Authorization and Right to Sell from:


A) Buyer to take the property "subject to" the loan
B) Buyer to "assume" existing loan
C) Buyer to pay all cash
D) Buyer to make a large down payment to preclude possibility of a foreclosure

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