1. A buyer signs an offer and you submit it to the seller. What would the outcome be if the seller signs it and puts it in his desk drawer?

A. The contract is not binding on the buyer because he wasn't informed of the sellers acceptance

B. The contract has been signed by both parties and is binding

C. Equitable title has been passed to the buyer

D. The buyer can sue for specific performance

2. analysis must be prepared by a certified appraiser?

A. CMA for buyer or seller

B. Price option for lender involved in a short sale transaction

C. Analysis to determine a projects estimated market capture and cap rate

D. Properly valuation report supporting a federally related loan app

3. Conveying owner interest in real property

A. Grantor

B. Grantee

3. Mortgagor

4. Mortgagee