Choose the One Most Appropriate Answer for Each

question 71

Multiple Choice

Choose the one most appropriate answer for each.
-a buyer who is ready to buy at the seller's price and terms and who has the financial capability to do so

• A)abandonment
• B)advance fee listing
• C)advanced cost listing
• D)agent
• E)bargain broker
• F)broker
• G)buyer's broker
• H)discount broker
• I)employment contract
• J)exclusive agency listing
• K)exclusive authority to purchase
• L)exclusive right to sell
• M)flat-fee broker
• N)Multiple listing service (MLS)
• O)net listing
• P)open listing
• Q)procuring cause
• R)ready willing and able buyer
• S)real estate listing
• T)REBAC

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Definitions:

Five-Year Terms

Fixed periods of five years that are often applied to political offices, employment contracts, or agreements.

Securities And Exchange Commission

A U.S. federal agency that supervises and regulates the securities market to protect investors.

Sarbanes-Oxley Act

A law passed in 2002 aimed at protecting investors from fraudulent accounting activities by corporations.

Public Company Accounting Oversight Board

A nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports.