Choose the One Most Appropriate Answer for Each

question 64

Multiple Choice

Choose the one most appropriate answer for each.
-the right to match or better an offer before the property is sold to someone else

• 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

---

Definitions:

Conscientiousness

A personality trait characterized by organization, responsibility, and thoroughness.

Locus of Control

Refers to an individual's belief about the extent to which their actions can influence the events that affect them.

General Expectation

The overall anticipation or belief about what may happen in the future, based on past experiences or societal norms.

Cognitive Interpretation

A process by which individuals perceive, analyze, and assign meaning to information and experiences.