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.

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Definitions:

Netiquette

The set of informal rules and conventions governing social interaction and behavior on the internet or within digital communications.

Labyrinth

A complex and intricate network of paths or passages, often designed as a puzzle or to confuse those navigating through it.

Maze

A complex network of paths or passages designed to confuse those navigating through it.

Material Wealth

The abundance of valuable resources or material possessions.