California Real Estate Practice Exam

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Another term for producing a ready, willing, and able buyer is a(n)?

Meeting of the minds
Contract agreement
Legal transaction
Brokerage activity

The correct answer is: Meeting of the minds

This is another term for "meeting of the minds" because it refers to the stage in a real estate transaction where both the seller and buyer have agreed upon the terms of the sale and are ready to move forward with the purchase. Option B, contract agreement, does not necessarily encompass the entire process of finding a suitable buyer. Option C, legal transaction, is too broad and does not specifically relate to the concept of attracting a buyer. Option D, brokerage activity, may refer to the overall actions of a real estate agent, but does not specifically focus on the goal of finding a ready, willing, and able buyer.