Oaciq Certification Evaluation Questions Answers Complete Solution Verified Pass

OACIQ CERTIFICATION EVALUATION
QUESTIONS ANSWERS COMPLETE
SOLUTION VERIFIED PASS

●● Protection clause requires buyer introduced during
Answer: Valid BCI period


●● Seller refuses to sign deed after acceptance
Answer: Breach


●● Buyer refuses to sign deed after acceptance
Answer: Breach


●● BCI remuneration payable when
Answer: Conditions fulfilled


●● BCI remuneration not dependent on
Answer: Deed signature necessarily


●● Deposit forfeiture depends on
Answer: Contract terms

,●● Seller cannot sell through another broker during exclusive
Answer: True


●● Non-exclusive BCI allows multiple brokers
Answer: True


●● Broker must disclose dual agency
Answer: Yes


●● Broker representing both parties must
Answer: Act fairly and transparently


●● Broker failure to disclose conflict
Answer: Disciplinary breach


●● Seller's declaration is completed by
Answer: Seller


●● Broker must verify inconsistencies in
Answer: Seller declaration

,●● Hidden defect liability governed by
Answer: Civil Code


●● Latent defect requires
Answer: Serious, hidden, unknown defect


●● Buyer must act diligently in inspection
Answer: Yes


●● Zoning non-compliance affects
Answer: Use and value


●● Undivided co-ownership risk
Answer: Solidary debt


●● Divided co-ownership includes
Answer: Declaration of co-ownership


●● Condo fees unpaid become responsibility of
Answer: Buyer after deed


●● Mortgage clause must be declared fulfilled by

, Answer: AS


●● Inspection clause deadline strict?
Answer: Yes


●● Financing clause deadline strict?
Answer: Yes


●● AS confirms
Answer: Condition fulfillment


●● Amendment modifies
Answer: Existing accepted contract


●● Counterproposal replaces
Answer: Prior offer


●● New PP required when
Answer: Fundamental terms renegotiated after nullity


●● PP null due to expired condition
Answer: Contract ceases