When a market segment is large or profitable enough to serve, it is termed ________

A broker receives an offer from a buyer for a specific property. The deposit was in the form of a personal promissory note for $2,000 payable to the seller in 60 days plus 10% interest. Which of the following is true?

A: Any deposit for the purchase of real property must be in the form of cash or a certified check; B: It is all right for the broker to accept a promissory note if he personally guarantees it; C: The broker may accept the promissory note but must notify the seller that the deposit is in the form of a promissory note before the seller accepts the offer; D: None of the above are true.

An owner of real property or a mortgagee pays only one premium for title insurance, usually at closing

Indicate whether the statement is true or false