Practice Questions:
a buyer wants to purchase a home for $160,000 with a 15% down payment. The lender charges 2 points. How much money does the buyer need up front to make the purchase?
$26,720
a broker has an exclusive buyer agency agreement with Dr. M, a veterinarian with a thriving practice who wants to add a satellite office on the south side of town. He will consider an existing building but would prefer a vacant parcel on which he will build to his own specifications. he prefers a property of at least one acre, and will need a building of at least 2700 square feet. the broker has located two properties that may suit and has obtained the surveys on both. - how should the broker advise Dr. M with regards to offering for either property?
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a broker has listed a property for $225,000. An offer of $210,000 contingent upon inspection comes in the first week and the seller accepts it. Another offer of $205,000 comes in the second week. The seller accepts it as a secondary offer contingent upon the termination of of the first offer. The first offeror demands the seller spend $5,000 in repairs before going through with the purchase. the seller may do all of the following except:
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a buyer has specified in writing an interest in purchasing a property without any legal obligation and without defining a specific project. This is referred to as:
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