Working with a buyer

Question 1

Buyers agreement may be

Answer 1

Oral or written initially

Question 2

Buyer agency disclosure must occur when

Answer 2

First substantial contact, brochure, must be kept for three years

Question 3

Or a buyer agency maybe practice but cannot be

Answer 3

Exclusive or for a specific time period

Question 4

When must an oral agreement be placed in writing

Answer 4

Before offer is submitted

Question 5

What to know about debit qualifying ratios

Answer 5

28% housing ratio, 36% total debt

Based on monthly income

Must qualify on both ends