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Real Estate Transaction Inclusions Quiz

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Questions and Answers

What was the unusual item included in the offer to purchase?

The stove
The refrigerator
The dining room table (correct)
The dishwasher

Why did the buyer initially walk away from the sale?

The buyer changed their mind about the property
The price negotiation failed
The closing date was not agreeable
The seller did not want to include the dining room table (correct)

What is typically included as personal property in a home sale?

Furniture and decor items
Artwork and collectibles
Outdoor patio furniture
Appliances attached to the home (correct)

How did Shanti resolve the situation?

Shanti found another buyer who did not want the table (B) Signup and view all the answers

What is the significance of the phrase "how the tables would have turned"?

It refers to the potential confusion over the dining room table (D) Signup and view all the answers

What is the main lesson Shanti's story conveys for real estate professionals?

The importance of clear communication between all parties (B) Signup and view all the answers

What was the reason behind the buyer walking away from the sale?

Disagreement over the inclusion of a dining room table (A) Signup and view all the answers

What personal property items are commonly included in a home sale?

Stove, refrigerator, dishwasher (D) Signup and view all the answers

Why was Shanti's job unusual in this particular home sale?

Her role is generally limited to selling real estate (D) Signup and view all the answers

What potential confusion could have arisen if Shanti hadn't clarified the situation with the buyer and seller?

Seller keeping personal property without conveying it (A) Signup and view all the answers

What was the key sticking point that led to the first buyer walking away from the sale?

Inclusion of a dining room table in the sale (C) Signup and view all the answers

Why is it uncommon for a real estate broker like Shanti to include personal property like a dining room table in a sale?

Personal property is often dealt with separately from real estate sales (C) Signup and view all the answers

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