In commercial transactions, how are deposits usually paid?
Give this one a try later!
Via certified cheque or e-transfer in trust to the listing brokerage or to the
seller's lawyer.
, As a salesperson, you should confirm that the buyer's financing approval remains valid
throughout the ________________.
Give this one a try later!
Interim period
Financial due diligence focuses on the financial health of an income-producing property.
This would involve a thorough analysis of what documents?
Give this one a try later!
- Income statements
- Balance sheets
- Rent rolls & leases
- Bank statements
- Tax bills & returns
- Employee records
- Detailed information regarding operating costs
- Financial records
- Lease documents
- Inventory of equipment and other assets
- Utility bills
- Building service contracts
- Insurance policies
True or false?
Give this one a try later!
Via certified cheque or e-transfer in trust to the listing brokerage or to the
seller's lawyer.
, As a salesperson, you should confirm that the buyer's financing approval remains valid
throughout the ________________.
Give this one a try later!
Interim period
Financial due diligence focuses on the financial health of an income-producing property.
This would involve a thorough analysis of what documents?
Give this one a try later!
- Income statements
- Balance sheets
- Rent rolls & leases
- Bank statements
- Tax bills & returns
- Employee records
- Detailed information regarding operating costs
- Financial records
- Lease documents
- Inventory of equipment and other assets
- Utility bills
- Building service contracts
- Insurance policies
True or false?
