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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Economic Environment

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Competitive Environment

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Legal/Regulatory Environment

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