CA Real Estate Principles Course » 2021 » Section 8 Unit 4 Exam

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Question #1
Which of the following means a legal section in a contract or law?
A.   Tender
B.   Option
C.   Provision
D.   Listing agreement
Question #2
Which of these means, “A privilege sold by one party to another that offers the buyer the right, but not the obligation, to buy at an agreed-upon price during a certain period of time or on a specific date”?
A.   Listing agreement
B.   Option
C.   Commission
D.   Tender
Question #3
Which of these means “to formally offer”?
A.   Conveyance
B.   Listing agreement
C.   Commission
D.   Tender
Question #4
Which of these means, “An agent's compensation for performing the duties of agency; usually a percentage of a property's selling price"?
A.   Listing agreement
B.   Options
C.   Commission
D.   Tender

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