Chapter 3.5.
Methods of sale

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Learning outcomes of this chapter:

  • Conduct a sale by private treaty, and possibly by public auction and open/closed tender.
  • Analyse the advantages and disadvantages of each method of sale and the circumstances that favour eachof them.

Related Multiple Choice Questions

Charles is selling his house to Diana. After Diana exercises the OTP by paying the remaining down payment, what document becomes binding between Charles and Diana?

How can an agency relationship be legally created in Singapore’s real estate industry?

What is the main purpose of the Sale & Purchase Agreement (S&P) in Singapore?

What does the phrase 'subject to contract' indicate in real estate transactions?

Which segment of Singapore's real estate market involves transactions directly from the developer to the buyer?

Bob is completing the purchase of a new home. At what point in the process is the legal title of the property officially transferred to him under Singapore's Land Titles System?

Which of the following is NOT a required element of non-exclusive prescribed estate agency agreements?

Marcus is an investor looking to convert his semi-detached house into a bungalow in Singapore. What is a critical factor he must consider before proceeding with the conversion?

What is expected of salespersons under the Standard of Care for Salespersons?

What system is used in Singapore for the transfer of property titles?

What is the purpose of the Option to Purchase (OTP) in Singapore real estate transactions?

In Singapore real estate, a 'trust of land' primarily separates:

What does the concept of 'effective cause' refer to in real estate transactions?

Which type of agency agreement restricts the principal to work with only one agent for selling or leasing their property?

Under what condition can an agency relationship be terminated?