Lesson 22-2 Review

Lesson 22-2 Review

Assessment

Flashcard

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Practice Problem

Hard

Created by

Wayground Content

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29 questions

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1.

FLASHCARD QUESTION

Front

completing an application to see how much money you would be qualified to borrow

Back

prequalify

2.

FLASHCARD QUESTION

Front

What is a real estate marketing service in which agents from many real estate agencies pool their home listings and agree to share commissions on the sales?

Back

Multiple Listing Service (MLS)

3.

FLASHCARD QUESTION

Front

a serious intent to be bound to an agreement

Back

offer

4.

FLASHCARD QUESTION

Front

an offer to buy property accompanied by a deposit

Back

earnest-money offer

5.

FLASHCARD QUESTION

Front

What is an offer that is dependent on obtaining financing and the property passing an inspection? Options: prequalify, contingent, acceptance, commission, escrow closer

Back

contingent

6.

FLASHCARD QUESTION

Front

a formal agreement to the terms of an offer, forming a contract between the parties

Back

acceptance

7.

FLASHCARD QUESTION

Front

a percentage of the sale price paid to real estate agents for their work

Back

commission

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