When Ingrid Was Selling Her House, She Contacted Gabe, Her

question 92

Multiple Choice

When Ingrid was selling her house, she contacted Gabe, her real estate agent, to help her with the sale. Gabe's services included all of the following except

• A) Providing advice on features to highlight.
• B) Screening potential buyers to determine whether they will qualify for a mortgage.
• C) Suggesting a selling price .
• D) Showing Ingrid's home to potential buyers.
• E) Home appraisal.

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Definitions:

Vesting

The process by which an individual earns the right to receive full benefits from a pension plan or stock option over time.

Purpose

The reason for which something is done or created or for which something exists.

Creditor Beneficiary

A third party that benefits from a contract between two other parties, particularly when one party promises to pay a debt owed to the creditor beneficiary by the other party.

Legal Duty

An obligation imposed by law upon an individual or entity to act or refrain from acting in a certain manner.