Which of the following statements is true of the transfer of a property by sale?
A) Engaging a real estate broker is a legal requirement for the sale of real property.
B) Exclusive right to sell contracts entitles the broker for a commission only if he procures the buyer.
C) Agreement between the seller and the buyer to purchase real property need not necessarily be in writing to be enforceable under the statute of frauds.
D) Real estate sales contracts must be evidenced by a suitable writing signed by the party to be charged in order to be enforceable.
Correct Answer:
Verified
Q25: Which of the following statements about an
Q26: Which of the following is an example
Q27: The Real Estate Settlement Procedures Act:
A)requires that
Q28: Which of the following is an affirmative
Q29: Max has the right to have his
Q29: A quitclaim deed:
A) guarantees that the grantor
Q31: A person may have the right to
Q32: A warranty deed:
A)conveys title and guarantees to
Q33: Dru and James are married and own
Q34: After a valid deed is delivered from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents