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10. Each of the following is a possible consequence/penalty that an MLS can impose if a real estate professional who is an authorized MLS user/subscriber

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10. Each of the following is a possible consequence/penalty that an MLS can impose if a real estate professional who is an authorized MLS user/subscriber does not report a property pending sale or a property sold in a timely fashion, except Loss of real estate license. a. b. Substantial fines. C. Removal of listings from the MLS. Suspension of rights to use the MLS. d. 13. If a seller sends an acceptance of a buyer's offer with a small change in one of the terms of the buyer's offer, under California law, the seller has given the buyer a. A new offer. b. An acceptance. C. A counteroffer. d. A notice to perform. 14. a. [Please refer to the immediately preceding Multiple-Choice Question.] If the buyer rejects the seller's small change in one of the terms of the buyer's offer, under California law, what are the seller's rights at this point? The seller has the right to revive" the buyer's offer and accept it on its original terms. b. The seller may make a new offer to the buyer with the same terms as the buyer's original offer, and the buyer must accept that new offer (because the terms are identical to the buyer's original offer term) The seller may make a new offer to the buyer on any terms the seller wishes, but the buyer has no duty to accept it, on any terms. d. The seller has the right to send (or to have escrow send) the buyer a notice to perform the original terms of the buyer's offer. C. 12. The most applicable legal/real estate term for a contract provision that requires a specific action to occur by a certain date for the contract to be considered enforceable, or, in other words, a contract clause that provides one party with a legal excuse (without penalty) from performing a contract to sell/purchase real estate, is

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