In the residential Contract to Buy and Sell Real Estate, which is TRUE regarding the financing language?
a. A broker may print forms with only the financing terms needed for the transaction
b. All financing provisions must be printed in every contract
c. A broker may omit the financing terms and leave a space for licensees to draft the terms that fit
d. The form may not be computer generated because it would be too easy to change
Answer: a. A broker may print forms with only the financing terms needed for the transaction
You might also like to view...
The opportunity cost of capital is equal to:
A) the discount rate that makes project NPV equal zero. B) a project's internal rate of return. C) the average rate of return for a firm's projects. D) the return offered by other projects of equal risk.
Selling and administrative expenses are subtracted from gross profit to obtain operating income
Indicate whether the statement is true or false