파트7. 문제풀이

A lease for more than 1 year must be in writing to be enforceable because the

A person who has the power to sign the name of his principal to a contract of sale is a(n)

There is a clause in a contract of sale allowing an inspection for wood-destroying insects. Termites are discovered. Who pays to correct the problem?

Brokers may submit

______________ is used to substitute a new borrower, with the lender’s approval.

Carol is buying a house and has 30 days in which to obtain a financing commitment as specified in the sales contract. The contract states that Carol must notify the seller within that period if she cannot arrange financing or risk default if she does not close. The contract states that “time is of the essence” applies to financing approval. Which is true?

Due diligence is which party’s obligation to discover flaws in the property?

Before it is exercised, an option is a

Novation is:

Why must a lawsuit be filed within a specific time after an occurrence?

Which clause protects an agent from a seller waiting for a listing agreement to end to avoid paying a commission to an agent?

A(n) _______ means that a buyer has made an offer that the seller has accepted but is conditional upon certain criteria.

A buyer has __________ to cancel a contract if a Seller’s Disclosure Notice has not been provided prior to the effective date of the contract?

Regarding a promissory note when getting financing:

When the letters “HVAC” appear in a commercial or industrial lease, it normally refers to:

The two parties to a lease contract are the

Under an open listing

Which listing agreement allows the owner of the listed property to sell the property on their own and not have to pay commission to the listing broker?

What is the listing agreement that gives the broker the payment of commission no matter who sells the property?