Updated: Barney Fletcher Cram Final Exam Practice Questions and Answers
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Course
Barney Fletcher
Institution
Barney Fletcher
Updated: Barney Fletcher Cram Final
Exam Practice Questions and Answers
A seller wants to list the property with a broker, but wants to avoid paying any commission should the
seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid
signing?
A. an...
C. no, because he disclosed to all parties that neither had to consent to dual agency
D. no, because he disclosed to all parties that his actions may be adverse to either party, however he
would not divulge confidential information - ANSWER✔✔-B. yes, because this is undisclosed dual agency
A buyer and seller sign an agreement to change the contract to close on May 1 instead of May 2. This is
a(n):
A. addendum
B. special stipulation
C. amendment
D. clause - ANSWER✔✔-C. amendment
When a person, upon payment of a consideration, has an obligation to buy land at a fixed price within a
specified period of time, his right could be described as:
A. a right of first refusal
B. an option
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