National Real Estate Practice Exam

After a purchaser signs a sales contract, what is the correct action for the salesperson?

1. Keep the original contract and send a copy later

2. Give the purchaser a copy immediately

3. Mail the purchaser a copy after three days

4. Provide a verbal summary of the contract

The correct answer is: Give the purchaser a copy immediately

Providing a copy of the signed sales contract to the purchaser immediately after it is signed is a key responsibility of the salesperson. This transparency enables the buyer to review the terms and ensure that they fully understand their obligations and rights as outlined in the contract. It also establishes a level of trust between the salesperson and the purchaser, as the buyer receives confirmation of their commitment to the transaction right away. In real estate transactions, it is important for all parties involved to have access to the same documents to avoid misunderstandings and disputes later on. The immediacy of providing a copy helps the purchaser feel secure in their decision and affirms the professionalism of the salesperson. Access to the contract is critical for the buyer's record-keeping and for any future reference they may need.