A buyer's agent has reportedly seen sales collapse at the last minute because the buyers weren't able to obtain financing. How could he best limit this in the future?
A. Qualify all prospects himself
B. Refer buyers to a specific lender
C. Require prospects to be apprioved first
D. Show lower-priced properties
Answer: C. Require prospects to be approved first
Getting preapproved for a loan before beginning the house hunting process is now standard procedure.
You might also like to view...
Organic foods are those that are grown ________
A) without the use of technology B) locally C) without the use of pesticides and synthetic fertilizers D) using sustainable measures such as crop rotation E) by independent farmers rather than corporations
Which of the following has been the LEAST likely outcome of e-commerce on exporting?
A) enhancing supply chains B) triggering a rise in born globals C) overcoming capital limitations for SMEs D) expanding market opportunities for traders