B4

Question 0

A buyer and seller enter into a purchase contract, but the broker fails to initial the contract within the required ten business days. What is the status of the purchase contract?

a. Valid
b. Void
c. Unenforceable
d. Voidable

Answer 0

a. Valid

Question 1

After a seller accepted an offer, another offer is given to the listing broker. The agent:

a. Is not required to present the offer
b. Is no required to present to offer if previously instructed by the owner in writing
c. May present the offer only if it is a higher price
d. May present the offer only if the seller will receive a higher net

Answer 1

b. Is not required to present the offer if previously instructed by the owner in writing