Counteroffer Study guides, Class notes & Summaries
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![PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024](/docpics/3336569/64ef0bbb567cd_3336569_121_171.jpeg)
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called ️ a contract 
Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probabl...
![Texas Principles of Real Estate II Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update](/docpics/3386676/64f8c4e7191c3_3386676_121_171.jpeg)
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Texas Principles of Real Estate II Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update
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Texas Principles of Real Estate II Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update 
 
Q: a lease for one year or less 
 
 
Answer: 
the only contract that does not have to be in writing to be enforceable 
 
 
 
Q: Attorney in Fact 
 
 
Answer: 
a person holding a power of attorney 
 
 
 
Q: substitution of a contract with another contract ie. counteroffer 
 
 
Answer: 
Novation 
 
 
 
Q: when one party fails to perform the duties of the contract-they can be asked by judge ...
![NJ real estate exam questions and answers 100% pass](/docpics/2788875/646bd79b415bc_2788875_121_171.jpeg)
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NJ real estate exam questions and answers 100% pass
- Exam (elaborations) • 40 pages • 2023
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NJ real estate exam questions and answers 100% pass 
Which of the following is a permitted free offering? o- 
A. A complimentary home warranty with every listing 
B. A coupon for a discounted commission on listing services 
C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings C. A Free dinner for attendees at a homebuyers' evening seminar 
Depreciation usually applies to . 
A. the building only. 
B. the land only. 
C. both the land ...
![PSI National Exam for Real Estate 544 Questions with 100% Correct Answers | Verified | Latest Update](/docpics/4111323/6590541fbec5b_4111323_121_171.jpeg)
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PSI National Exam for Real Estate 544 Questions with 100% Correct Answers | Verified | Latest Update
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A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - ️️a contract 
 
Antitrust laws prohibit competing brokers from all of the following - ️️1. boycotting other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
 
When a sewer line is installed down a rural road, the cost will probably be shared by - ️️all current owners of real estate fronting on that road...
![Law 3220 Clemson Exam 3 Rated 100% Correct!!](/docpics/3484329/650dc77271261_3484329_121_171.jpeg)
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Law 3220 Clemson Exam 3 Rated 100% Correct!!
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A contract may be based on a promise not to do something. 
(T/F) - True 
You return a lost dog to its owner. You did not know a reward was being offered for the dog. You do not 
have a legal right to the reward. 
(T/F) - True 
You leave your poodle at a new grooming shop and tell them to wash the dog⎯a $30 service. They do 
that and also paint the poodle's nails and tie ribbons in his hair⎯these services are an extra $10. You pay 
them for the wash. What about the extra $10 in services? 
a....
![Washington State Real Estate Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024](/docpics/3994676/6574a98953be9_3994676_121_171.jpeg)
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Washington State Real Estate Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
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when does the real estate agent give the seller's a copy of their listing agreement form? - 
immediately 
what are the elements needed for a valid purchase and sales agreement? - consideration (not of 
monetary value), in writing & lawful purpose. There does not need to be earnest money but often is 
a mortgage that secures both real and personal property as collateral to secure a borrower's debt - 
package mortgage 
name of the state/local sales tax debt to the seller in the transfer of prope...
![Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions](/docpics/5491827/6658f9ff19cd4_5491827_121_171.jpeg)
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Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions
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Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions 
 
Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions 
 
Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions 
 
Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions 
 
A counteroffer: 
 
A. acts as a rejection of the initial offer 
B. is used to rescind a previously existing contract 
C. is used only to make an offer contingent on a particular event 
D. is used when a buyer wants to make an offer where th...
![OAM 432 Exam 1 Latest Update Graded A+](/docpics/3949733/656b809b7fae7_3949733_121_171.jpeg)
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OAM 432 Exam 1 Latest Update Graded A+
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OAM 432 Exam 1 Latest Update Graded A+ distributive negotiation A negotiation in which the goals of the negotiating parties are in direct opposition, often involving a single issue 
zero-sum/fixed-pie structure if someone gets more of the pie, the other by definition gets a smaller portion 
reservation price point at which you're indifferent to achieving an agreement or walking away (lowest bar) 
BATNA best alternative to negotiated agreement; best outside option 
- highest source of leverage i...
![ROCKWELL EXAM 2024 WITH 100% ACCURATE SOLUTIONS](/docpics/5613988/6668a7b2bff6e_5613988_121_171.jpeg)
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ROCKWELL EXAM 2024 WITH 100% ACCURATE SOLUTIONS
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For which of the following acts might a broker be subject to disciplinary action? 
 
a. Failing to include a termination date in an exclusive listing agreement 
 
b. Failing to include a termination date in an open listing agreement 
 
c. Keeping trust funds from different clients in a single trust account 
 
d. Basing a commission amount on the property's selling price - ANSWER ☑☑a. Failing to include a termination date in an exclusive listing agreement 
 
Explanation: Failure to include ...
![PSI National Exam for Real Estate Questions With Answers 2022/2023](/docpics/63408d02ec6b5_2013984.jpg)
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PSI National Exam for Real Estate Questions With Answers 2022/2023
- Exam (elaborations) • 40 pages • 2022
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A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - Answer - a contract 
 
Antitrust laws prohibit competing brokers from all of the following - Answer - 1. boycotting other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
 
When a sewer line is installed down a rural road, the cost will probably be shared by - Answer - all current owners of real estate fronting on ...
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