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)- A6% (1)
- B11% (2)
- C83% (15)
Community Discussion
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