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Montana Real Estate Exam - Contract Of Sale Questions And Answers, Graded A+.[Latest Exam Updates]

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MONTANA REAL ESTATE EXAM - CONTRACT OF SALE QUESTIONS AND ANSWERS, GRADED A+. The buyer's interest under a contract of sale is? - -Equitable title (has the right to get ownership) What concept gives a vendee the right to sue the vendor for specific performance on a signed contract? - -Right of equity The buyer under a contract of sale has: - -Equitable title The seller in a purchase contract situation is the: - -Vendor The vendee has: - -Equitable title A seller who defaults on a contract of sale may be forced to sell by being sued for: - - Specific Performancef Equitable title: - -Gives the buyer the right to sue the seller for specific performance. If a potential buyer suspects that a listed property may have once been an oil refinery, the buyer should: - -Include an environmental audit contingency provision in the offer. To be enforceable, a real estate sales contract must contain: - -At least an accurate description of the property.

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