Choose the One Most Appropriate Answer for Each

question 23

Multiple Choice

Choose the one most appropriate answer for each.
-the day on which the buyer pays his money and the seller delivers title

• A)"as is"
• B)bill of sale
• C)binder
• D)closing date
• E)delayed exchange
• F)dry rot
• G)earnest money deposit
• H)equitable title
• I)installment contract
• J)lease-option
• K)letter of intent
• L)loan commitment
• M)optionee
• N)option fee
• O)prorating
• P)purchase contract
• Q)qualified intermediary
• R)right of first refusal
• S)"time is of the essence"
• T)vendee

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Definitions:

Increased Contact

A strategy that seeks to improve relationships and reduce conflicts by encouraging more direct or frequent interactions between parties.

Halo Effect

A cognitive bias where an impression formed from one trait or factor influences the perception of other traits.

Attribution Error

The cognitive bias that leads individuals to misattribute the reasons for their own or others' behaviors, often overestimating personality factors while underestimating situational influences.

Performance Dimensions

Various criteria or aspects by which an individual's or an organization's performance is evaluated.