Which of the Following Statements Is True of the Transfer

question 4

Multiple Choice

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

• A)Engaging a real estate broker is a legal requirement for the sale of real property.
• B)Exclusive right to sell contracts entitles 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.

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Definitions:

People-friendly

Describes policies, environments, or technologies that are designed to be considerate and accommodating to the needs and well-being of individuals.

CEO

Chief Executive Officer; the highest-ranking individual in a company or organization, responsible for overall management and decision-making.

Socialization Process

The method by which individuals learn and adapt to the norms and behaviors appropriate to their role within a society or organization.

Strong Cultures

Organizational environments characterized by shared values, beliefs, and norms that strongly influence the behavior of individuals within the group.