nerdexam
ACI

3I0-012 · Question #667

When is a broker allowed to assume a deal is closed:

The correct answer is C. When an acknowledgement is received from the principal that the deal is done. See the full explanation below for the reasoning.

Question

When is a broker allowed to assume a deal is closed:

Options

  • AWhen one of the principals confirms the deal.
  • BWhen the principals give a written undertaking for all deals done at the end of the day.
  • CWhen an acknowledgement is received from the principal that the deal is done.
  • DWhen both back offices acknowledge the deal.

How the community answered

(18 responses)
  • A
    6% (1)
  • B
    11% (2)
  • C
    83% (15)

Community Discussion

No community discussion yet for this question.

Full 3I0-012 Practice