All of the Following Statements About the Online Real Estate

question 49

Multiple Choice

All of the following statements about the online real estate services market are true except:

• A) The major impact of Internet real estate sites is in influencing offline decisions.
• B) Real estate differs from other types of online financial services because it is impossible to complete a property transaction online.
• C) The primary service offered by real estate sites is a listing of houses available.
• D) The Internet and e-commerce have created significant disintermediation in the real estate marketplace.

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Definitions:

Strict Liability Clause

A legal principle that holds an individual or entity responsible for their actions or products, regardless of negligence or intent.

Limited Liability Clause

A provision in a contract that limits the amount of money one party can be responsible for in case of breach of the contract.

Res Ipsa Loquitur

A legal doctrine stating that the occurrence of an accident implies negligence, as the event would not normally happen without it.

You May Have the Body

A common English translation of "Habeas Corpus," a legal action or writ by means of which detainees can seek relief from unlawful imprisonment.