A rescission form contains an extender Clause. What is the purpose of this Clause?
A. To notify a subsequent buyer that the first sale has failed
B. To request that a buyer waive a contingency or the transaction will terminate
C. To guarantee that the listing agent will receive a commission if the parties complete the transaction within and number of months after the termination date
D. To create a cooling-off period in which the parties May revive the transaction before it terminates permanently
Answer: C. To guarantee that the listing agent will receive a commission if the parties complete the transaction within and number of months after the termination date
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If a buyer and seller negotiate a sale of real property where the buyer takes title subject to the seller's existing loan, and the sale is made without the knowledge or consent of the lender, the parties should be advised that:
A: The loan may be accelerated if the lender learns about the sale; B: The sale might not be completed if the loan is called and the buyer is unable to secure alternative financing; C: The seller retains personal liability for the loan and any potential deficiency; D: All of the above.
A process's ________ is what its capacity should be for some future time period to meet the demand of its customers, allowing for the desired capacity cushion
Fill in the blanks with correct word