6.Ignore this. You decide to open a real estate office in your community, but you know the competition with established firms would be difficult. You believe that one method of drawing attention to your firm and obtaining clients that would otherwise go to other brokers is to advertise that you will sell any house in town and charge a commission of only $1,000. Do you believe such a marketing tactic would be successful? Why or why not? Chapter 14 Contracts for Sale and Closing Test Problems 21. If a buyer defaults on a contract to purchase real property, which of the following is nota remedy the seller can pursue? 22. When contracts for the sale of real property are placed with a disinterested third party for executing and closing, they are said to be placed in: 23. Which of the following conditions would be a defect to mutual assent in a contract for the sale of real property? 24. Oral evidence in contract disputes is prohibited by: 25. Which of the following is one of the termsof a real estate contract?

26. Real estate transactions do not close when the contract for sale is signed by both parties because: 27. An earnest money deposit is: 28. In most straightforward transactions involving houses or other relatively small properties, the contract is: 29. Equitable title to real estate is: