Counteroffer - Study guides, Class notes & Summaries

Rockwell WA Real Estate Practice Exam 2024 Questions and Answers (Graded A)Rockwell WA Real Estate Practice Exam 2024 Questions and Answers (Graded A)Rockwell WA Real Estate Practice Exam 2024 Questions and Answers (Graded A)Rockwell WA Real Estate Practice Exam 2024 Questions and Answers (Graded A) A property is listed for $275,000. The buyers offer $265,000, and insist that the gourmet six-burner stove remain with the property. When the signed offer is presented to the sellers, the sellers ac...

Rockwell Real Estate Exam WA 2 Questions and Answers 100% Correct Rockwell Real Estate Exam WA 2 Questions and Answers 100% Correct Rockwell Real Estate Exam WA 2 Questions and Answers 100% Correct Rockwell Real Estate Exam WA 2 Questions and Answers 100% Correct At what point in a transaction must you disclose your agency status in writing? - ANSWER--Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initia...

WA Real Estate Exam Part 2 Questions and Answers 100% AccurateWA Real Estate Exam Part 2 Questions and Answers 100% AccurateWA Real Estate Exam Part 2 Questions and Answers 100% AccurateWA Real Estate Exam Part 2 Questions and Answers 100% Accurate At what point in a transaction must you disclose your agency status in writing? A. at closing B. When first meeting any potential party to the transaction C. Within 24 hours after a party signs an offer D. Before a party signs an offer - AN...

"As is" clause - If there is no due diligence period, then the property is sold "as is." These are transactions in which the seller decides beforehand that they will not agree to any repairs on the property and that the property will be sold in the condition as is. does not protect the seller "subject to" - A "subject to" provision refers to the purchase of a property that is subject to the existing mortgage. In such a sale, the title changes hands, so the buyer owns the house legal...

For which of the following acts might a broker be subject to disciplinary action? a. Failing to include a termination date in an exclusive listing agreement b. Failing to include a termination date in an open listing agreement c. Keeping trust funds from different clients in a single trust account d. Basing a commission amount on the property's selling price Correct Answer-a. Failing to include a termination date in an exclusive listing agreement Explanation: Failure to include a...

Rory's parents offered to buy him a new car to take to college, but Rory turned them down because he was afraid the car would be stolen or damaged if he parked it on campus. In deciding not to own a car, what risk management technique did Rory employ? - risk avoidance Which of the following is most likely to be an insurable risk? - The chance that a fire will destroy a building Theodore pays an annual premium to the insurance company that covers many of the risks associated with Theodore...

PSI National Exam for Real Estate Questions and Answers Already Passed A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called a contract Antitrust laws prohibit competing brokers from all of the following 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probably be shared by al...

Kentucky Life Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The owner of a single premium deferred annuity is entitled to do all of these EXCEPT Answer: Make multiple premium payments QUESTION An insurance company's voluntary refusal to enforce a contract's provision is called a(n) Answer: Waiver QUESTION What happens when an initial offer is answered with a counteroffer? Answer: Init...

Kentucky Life and Health Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update) QUESTION how many days do you have to send the claim forms for filing proof of loss Answer: 15 days QUESTION how long does the insurer have to pay claims Answer: 30 days QUESTION what happens if insurer does not pay claim within 30 days Answer: must pay 12% interest and can collect attorney fees incurred to collect claim ...

ABC Company is attempting to minimize the severity of potential losses within its company. The company is engaged in risk A. transfer B. retention C. reduction D. avoidance - Answer-C. reduction "The potential for loss" is also known as a A. hazard B. risk C. transference D. peril - Answer-B. risk An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the A. State Guaranty Association B. Fair Labor Standards Board C. F...