Question: Question 1 & explain correct answer please When the seller lacks knowledge of an item on the property condition disclosure, the listing agent should A
Question 1 & explain correct answer please
When the seller lacks knowledge of an item on the property condition disclosure, the listing agent should
A - provide an implied warranty instead.
B - waive all inspections.
C - complete the form for the client.
D - notify the buyer's agent.
Question 2 & explain correct answer please
Buyer Jim signs a purchase contract at the asking price with no contingencies and the 30-day closing date as specified by the seller. Seller Tom changes the contract closing date of 40 days and signed the contract. This contract, in its present form, is:
A - Valid with the 30-day closing date, since Buyer Jim met all the terms as originally specified by the seller
B - Valid with the 40-day closing date, since a 10-day extension is not considered material to the contract
C - Invalid since the signed documents do not yet indicated mutually agreed-upon terms
D - Enforceable, since the seller has provided a valid counter-offer
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