Ch 9 CA RE Legal Aspects Flashcards
1
Q
The acronym BATNA stands for…?
ABest Alternative to a Negotiated Arbitration
BBest Arbitration to a Negotiated Agreement
CBest Action to a Negotiated Agreement
DBest Alternative to a Negotiated Agreement
A
Best Alternative to a Negotiated Agreement
2
Q
The resolution of disputes by various means including, but not limited to negotiation, mediation, and arbitration is referred to as…? AAlternative dispute resolution BLitigation CAdjudicative alternatives DCivil trial
A
Alternative dispute resolution
3
Q
A distributive negotiation typically leads to a win/lose outcome for the parties involved…?
AT (True)
BF (False)
A
(True)
4
Q
Which of the following types of negotiation aims for a win/win outcome…? AExpress negotiation BIntegrative negotiation CComprehensive negotiation DDistributive negotiation
A
Integrative negotiation
5
Q
Which of the following is the least expensive form of ADR…? AArbitration BMediation CNegotiation DLitigation
A
Negotiation
6
Q
If two parties cannot resolve their dispute through mediation, they will most likely go to…? ANegotiation BLitigation CTrial DArbitration
A
Arbitration
7
Q
An arbitrator does not have the authority to subpoena a witness…?
AT (True)
BF (False)
A
(False)
8
Q
An arbitrator's final decision is called a/an…? ACompromise BVerdict CAward DJudgment
A
Award
9
Q
A real estate agent may have their license suspended or revoked for which of the following actions…? AFraud BMisrepresentation CCommingling DAll of the above
A
All of the above
10
Q
If two parties cannot resolve their dispute through negotiation, it will most likely go to…? AMediation BLitigation CTrial DArbitration
A
Mediation
11
Q
Arbitration is an example of an adjudicative alternative…?
AT (True)
BF (False)
A
True
12
Q
Which of the following is an example of a non-adjudicative alternative…? AArbitration BLitigation CNegotiation DAll of the above
A
Negotiation
