Answer_Key_ch_16

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Answer Key 1. D 2. D 3. B 4. A 5. D 6. D 7. B 8. B 9. B 10. D 11. A 12. C 13. A 14. C 15. A © 2004 Rockwell Publishing Company 1
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Answer Key with Explanations Question #1 Answer: D Explanation: These acts are required if a broker decides to exercise a listing agreement's option to purchase. Question #2 Answer: D Explanation: If the buyer fails to give notice properly, he may become liable to the seller's creditors. Question #3 Answer: B Explanation: Without a Certificate of Clearance (also called a clearance receipt), the buyer will be liable for any unpaid seller's sales tax. Question #4 Answer: A Explanation: Each county's District Attorney is responsible for prosecuting violations of the license law. Question #5 Answer: D Explanation: All three of these actions may be appropriate where an agent has committed misrepresentation. Question #6
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Answer_Key_ch_16 - Answer Key 1 2 3 4 5 6 7 8 9 10 11 12 13...

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