Contracts (real estate)

Contracts (real estate)

Professional Development

20 Qs

quiz-placeholder

Similar activities

NAT

NAT

11th Grade - Professional Development

17 Qs

Bebidas Frías

Bebidas Frías

Professional Development

15 Qs

ENFERMEDAD RENAL

ENFERMEDAD RENAL

Professional Development

20 Qs

Anatomi

Anatomi

Professional Development

15 Qs

Pre-Test Basic Lingkungan 2023

Pre-Test Basic Lingkungan 2023

Professional Development

20 Qs

Dibujo tecnico 2

Dibujo tecnico 2

KG - Professional Development

20 Qs

Optima SECURE

Optima SECURE

Professional Development

15 Qs

Conceptos HACCP

Conceptos HACCP

Professional Development

15 Qs

Contracts (real estate)

Contracts (real estate)

Assessment

Quiz

Specialty

Professional Development

Practice Problem

Medium

Created by

Whitney Richardson

Used 56+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a lease purchase agreement, the buyer

Must purchase the property

has an option to purchase

negotiates lease duration

sets option fee later

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a fully performed and closed contract, when can the contract be assigned to another party?

If permitted in the contract

with seller's consent

never

if not explicitly prohibited

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In an executory contract, when can parties assign their rights or obligations?

only if specified

always allowed

never allowed

unless prohibited

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a real estate transaction, when a party passes away before the contract is fully executed, what happens to the contract?

Enforceable on estate

Becomes voidable

Requires renegoation

automatically terminates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A real estate agent assists in the sale of a property, and the buyer decides to assign their contract of sale to a third party. The contract contains no provisions regarding assignment. Who opossesses the equitable title of the property until the sale is closed?

Initial buyer and third party

Initial buyer

third party

property seller

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract must have certain specific elements in order for it to be valid. all of the following are essential to a valid contract EXCEPT

acceptance

consideration

notarization

offer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the advantage of a paperless transaction

access to old statements

data security

conversion to ecofriendly

set up and learning curve

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?