Act prep exam stuvia - Study guides, Class notes & Summaries

Delaware Salesperson Pre-Licensing Course Exam Prep: Buyers, Sales Contract, Financing, and Appraisals Questions and Answers Purpose of qualifying buyers - ANSWER-To determine buyers' readiness to buy and that they're not already exclusively represented by another agent Main purpose of the buyer presentation - ANSWER-To build trust Buyer representative activities - ANSWER-Help schedule home inspections, show properties, review the closing statement, communicate with the buyer's ...

Hawaii Salesperson Course Exam Prep: Contracts and Addenda Study Guide Solutions Breach of contract - ANSWER-When one party fails to meet the obligations of the contract Acceptance vs. binding acceptance - ANSWER-When all parties have signed a contract vs. when the accepted (signed) offer is delivered according to the delivery procedures outlined in the contract, including the deadline for delivery Contingency - ANSWER-A condition that must be met before the sales contract is complete and...

The one who receives the authority to act on behalf of someone else? - ANSWERSAgent what does a sale's agent receive authority for? - ANSWERSto sell An insurance agent receives authority to what? - ANSWERSSettle claims brought against the insurer How do agents receive their authority? - ANSWERSwritten contract What is the power to bind? - ANSWERSan agent's authority can bind: -what an agent says or does can bind insurer -agents should take the utmost care in what they say or d...