Question

According to the Minnesota standards of conduct, which of the following is a requirement for any guaranteed sale program?

A. Providing a money-back guarantee for buyers within 30 days of purchase
B. Ensuring that the property will sell within 60 days of listing
C. Disclosing all terms and conditions of the guaranteed sale program in writing to the seller
D. Offering a full refund to buyers if the property does not meet their expectations

Answer 1

Step-by-step explanation:

According to the Minnesota standards of conduct, the requirement for any guaranteed sale program is:

C. Disclosing all terms and conditions of the guaranteed sale program in writing to the seller.

In a guaranteed sale program, it is essential to provide clear and written documentation to the seller that outlines all the terms and conditions of the program. This disclosure ensures transparency and helps both parties understand their rights and obligations. By providing written information, the seller can make an informed decision and be aware of the specific requirements and guarantees associated with the program.

Answer 2

According to the Minnesota standards of conduct, the requirement for any guaranteed sale program is to disclose all terms and conditions of the program in writing to the seller.

Step-by-step explanation:

The requirement for any guaranteed sale program according to the Minnesota standards of conduct is Option C:

Disclosing all terms and conditions of the guaranteed sale program in writing to the seller.

It is important for sellers to provide clear and transparent information about the program to the seller in order to ensure fairness and avoid any misunderstandings.