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MODULE 16 QUESTIONS AND ANSWERS GRADED A+
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MODULE 16 QUESTIONS AND ANSWERS GRADED A+ 1. The person who receives an offer to whom an offer is made a. Grantor b. Offeree c. Offeror d. Vendee B 2. One who is licensed to represent another person in a real estate transaction with intent to receive compenation or valuable considerati...

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  • September 11, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • 5 funds o
  • module 16 questions and answers graded a
  • 1 the person who receives an offer to whom an off
  • 2 one who is licensed to represent another person
  • 3 a party in transaction to whom an agent does no

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MODULE 16 QUESTIONS AND
ANSWERS GRADED A+

1. The person who receives an offer to whom an offer is made
a. Grantor
b. Offeree
c. Offeror
d. Vendee – answer B

2. One who is licensed to represent another person in a real estate transaction with
intent to receive compensation or valuable consideration
a. Broker
b. Corporation
c. Executor
d. Principal – answer A

3. A party in transaction to whom an agent does not have a fiduciary relationship
a. Agent
b. Client
c. Customer
d. Principal – answer C

4. An interest that gives the holder/ the tenant/a temporary right to exclusive possession
of real estate without title
a. Fee simple
b. Freehold
c. Leasehold
d. Life estate – answer C

5. Funds offered as an indication of good faith regarding a future performance of a
purchase agreement
a. Consideration
b. Down payment
c. Earnest money
d. Security deposit – answer C

6. An interest created in property upon the execution of a valid sales contract whereby
actual title will be transferred by deed at a future date (closing)
a. Collateral
b. Equitable title
c. Legal title

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