Short Sale Quiz For Real Estate Agents
Real Estate Agent Quiz (answer key at end)
1) How long should short sales take from the buyer’s vantage point?
(a) 30 days or less
(b) 60 days or less
(c) 90 days or less
(d) 120 days
2) What type of release should the homeowner obtain?
(a) full release of liability
(b) partial release of liability
(c) continued collection on deficiency
3) How much of a real estate commission should a short sale generate?
(a) 2.5%
(b) 3%
(c) 5%
(d) 7 to 13%
Click Here for Short Sale Answer Key
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