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dalvyx [7]
3 years ago
15

A sale contract stipulates that a buyer is to pay the seller's title insurance expenses. This practice is not customary in the a

rea. In this case,A. the buyer and seller must amend the contract before closing.B. the contract is voidable, since the seller must pay the expense.C. the buyer may pay or not pay the expense, at his or her option.D. the buyer must pay the expense.
Business
1 answer:
serious [3.7K]3 years ago
6 0

Answer:

D. the buyer must pay the expense.

Explanation:

Whenever a contract is prepared for a sale of any real estate transaction then both the parties are binding towards the contract. As that is signed by both of them which creates a legal right to get the action done from each other.

Here ,in the contract it is clearly mentioned that the buyer is responsible for the title insurance expense.

This clearly provides the right to the seller to validate such right and ask the buyer to pay for the expenses of the insurance.

Thus, the buyer in the given instance must pay the expense of the insurance.

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Justin, a real estate salesperson with City Brokerage, received a referral fee after referring a client to Mark, another real es
Ganezh [65]

Answer: Justin's sponsoring broker

Explanation:

From the question, we are informed that Justin, a real estate salesperson with City Brokerage, received a referral fee when he refered a client to Mark, who is another real estate salesperson with City Brokerage.

The person to pay Justin his referral fee will be Justin's sponsoring broker. It should be noted that when another agents gets a referral from an agent, the sponsoring broker is the one who gives the referral fee to the referring agent.

8 0
3 years ago
When buyers will purchase exactly as much as sellers are willing to sell, what is the condition that has been reached?.
Vlad1618 [11]

Answer:

the condition that has been reached is market equilibrium.

5 0
2 years ago
The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) a
balu736 [363]

Answer:

Marginal opportunity cost is the number of units of good 1 that are sacrificed for producing an additional unit of other good.

A) If we increase the production of butter from 1 to 2 then Guns production decreases from 36 to 26. Thus opportunity cost of second unit of butter is 10 guns.

B) Total opportunity cost of 2nd unit of butter = 18 guns

C) marginal opportunity cost of producing the third unit of butter = 12 Guns

D) Total opportunity cost of third unit of butter = 30 Guns

3 0
3 years ago
Nine years of citizenship and at least 30 years of age is the requirement to be
sineoko [7]
To be chosen to be a senator
8 0
3 years ago
In what category is the purchase of a computer by a person for household use in national income accounting, that is, in how we c
Nataliya [291]

Answer:

is counted in C, personal consumption

Explanation:

GDP = Consumption spending + Investment spending + Government Spending + Net Export

Consumption spending is all spending by households on services and goods which could be either durable or non durable goods.

Investment is spending by businesses.

I hope my answer helps you

6 0
3 years ago
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