In the process leading to the sale of a home,which of the following comes first?
A) The real estate agent simultaneously provides the potential parties to the sale a purchase contract containing the agent's best estimate of an agreeable price.
B) An escrow agent simultaneously provides the potential parties to the sale a purchase contract containing the average value of the ask and the bid.
C) The buyer makes an offer to purchase by providing the seller with a signed purchase contract.
D) The seller makes an offer to sell by providing the buyer with a signed sales contract.
Correct Answer:
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Q6: Your annual mortgage payments are $10,000 of
Q26: A listing agreement is
A)a contract between you
Q27: The typical sales commission as a percent
Q28: Which of the following statements concerning the
Q29: The home appraisal conducted by the mortgage
Q30: The Multiple Listing Service (MLS)provides
A)a fee-splitting arrangement
Q32: When purchasing a home you first should
Q33: Which item below would most likely not
Q35: When a potential buyer makes an offer
Q36: Which of the following is not a
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