Real Estate 84 ch07 quiz with answers.1 out of 1 points
Which of the following is not an element that should be included in every purchase
agreement?
Selected
Answer:
c.
Agent's commission rate
Answers: a.
Identification of parties
b.
Stated price and method of payment
c.
Agent's commis...
which of the following is not an element that shou
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Real Estate 84
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1 out of 1 points
Which of the following is not an element that should be included in every purchase
agreement?
Selected c.
Answer:
Agent's commission rate
Answers: a.
Identification of parties
b.
Stated price and method of payment
c.
Agent's commission rate
d.
List of liens and encumbrances the buyer will assume or take title
subject to
Question 2
1 out of 1 points
If someone has a power of attorney to sign the purchase agreement on behalf of the seller,
which of the following would be the proper way to sign?
Selected Answer: b.
Philip Adams, by Alice Jackson, his attorney in fact
Answers: a.
, Philip Adams, seller
b.
Philip Adams, by Alice Jackson, his attorney in fact
c.
Alice Jackson, attorney in fact for the seller
d.
Philip Adams, by his attorney in fact
Question 3
1 out of 1 points
The seller of a commercial building is a corporation. Who may sign the purchase
agreement?
Selected a.
Answer:
An officer of the corporation who has been authorized to sell the
property by a resolution of the board of directors
Answers: a.
An officer of the corporation who has been authorized to sell the
property by a resolution of the board of directors
b.
Any officer of the corporation
c.
Any member of the corporation's board of directors
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