North Carolina Real Estate Commission NC Real Estate Broker National NCREC-Broker-N Question # 18 Topic 2 Discussion

North Carolina Real Estate Commission NC Real Estate Broker National NCREC-Broker-N Question # 18 Topic 2 Discussion

NCREC-Broker-N Exam Topic 2 Question 18 Discussion:
Question #: 18
Topic #: 2

A homeowner signs a contract with a broker stating that the homeowner will pay the broker a commission if the broker finds a ready, willing, and able buyer for the house in the next 60 days. What is the BEST way to describe this contract as of the day they sign it?


A.

Express and executed


B.

Express and executory


C.

Implied and executed


D.

Implied and executory


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