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:

Pilot Device

Control equipment that directs the operation of another device or system, often based on user input.

Two-wired Motor

A motor that is designed to be connected and operated with two electrical wires, simplifying its electrical installation.

Control Circuits

Electrical circuits designed to control the operation of other circuits or devices through the use of signals.

Differential Control

A control strategy where the difference between two signals or values is used to regulate a process or system.