Module 1 - Test for Understanding

At which stage does the customer pays the 5% deposit to book the unit?

• Booking

• Preview

• Exercise

When can the buyer collect the Keys to the condo?

• Exercise Stage

• TOP Stage

• Completion Stage

What does a buyer need to do immediately if he selects a unit during the Preview Stage?

• Buyer will tell agent and then collect OTP for that unit 

• Buyer will give a 5% deposit for the selected unit

• Buyer will submit an EOI (Expression of interest) for the selected unit

Buyers can start to sell their condo after which stage?

• After TOP stage

• After Exercise Stage

• After Completion Stage

At which stage of the sale lifecycle does the Buyer becomes the official owner of the unit bought?

• TOP

• Completion

• Exercise