Question

A sales agent who offers a guarantee that if the listing does not sell within six months the agent will buy the listing, must also:

(a) Provide a bond to back the guarantee.
(b) A licensee is convicted of a criminal offense.
(c) Notify the Division of Real Estate in advance of the terms of the guarantee. (d) Provide complete written details of the guarantee before the property is listed.

Answer 1

Sellers may offer a money-back guarantee to reassure buyers facing imperfect information.

Step-by-step explanation:

In the goods market, the seller of a good might offer a money-back guarantee, an agreement that functions as a promise of quality. This strategy may be especially important for a company that sells goods through mail-order catalogs or over the web, whose customers cannot see the actual products, because it encourages people to buy something even if they are not certain they want to keep it.