Which of the Following Statements Is True of the Transfer

question 31

Multiple Choice

Which of the following statements is true of the transfer of a property by sale?

• A) Engagement of a real estate broker is a legal requirement for the sale of real property.
• B) Exclusive rights to sell contracts entitle the broker for a commission only if he procures the buyer.
• C) Agreement between the seller and the buyer to purchase real property need not necessarily be in writing to be enforceable under the statute of frauds.
• D) Real estate sales contracts must be evidenced by a suitable writing signed by the party to be charged in order to be enforceable.

Understand the role of marketing and marketing objectives in business planning.

Recognize the importance of a well-designed business plan in proactive business management.

Identify the elements and purpose of the marketing plan section of a business plan.

Understand the significance of demographic analysis in market targeting.

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Definitions:

Culturally Inherited Traits

Characteristics, values, or customs passed down from one generation to another within a culture.

Subtle Discrimination

Discrimination that occurs in a less obvious or indirect manner, often through seemingly neutral practices that have discriminatory effects.

Race Categories

Social constructs dividing people into groups based on physical characteristics, often used for demographic and statistical purposes.

Ethnic Identity

A person's sense of belonging to a particular ethnic group, including the cultural traditions and values associated with it.