Contracts/ Agency Relationship

Question 0

Chapter 93 A

Answer 0

Protects the consumer from fraudulent misrepresentation

Question 1

Agreements

Answer 1

Agreements are enforceable if in writing and executed by both bodies as stated in the statute of frauds. Verbal agreements are not enforceable

Question 2

Agency

Answer 2

Agency relationship occurs when the principal hires the agent and the agent must perform with good faith and loyalty

Question 3

In Massachusetts, a sellers description of property

Answer 3

The Commonwealth of Massachusetts does not require the sellers description of property

Question 4

Seller dies a few days prior to closing. The purchase and sales contract at this point

Answer 4

Remains enforceable. Death does not make a contract invalid. The sellers estate representative would have to perform the duties of the sale

Question 5

In sub agency relationships

Answer 5

The listing agent is liable for the sub agent statements

Question 6

Sunday contracts

Answer 6

Sunday contracts for residential properties are valid and enforceable

Question 7

Tristam’s landing

Answer 7

The Tristams landing decision states that a contract is not consummated if a buyer defaults