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Applied Methods and Techniques Flashcards

7 cards from real CTC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. A purchase contract is ratified on a Friday with a 10-day inspection period. What should a transaction coordinator do first when building the timeline?

    Answer: Confirm how the contract defines days (calendar vs. business) and when Day 1 begins

    Deadline calculations depend on the contract's own definition of days and its start-date rule.

  2. Which method best prevents a missed contingency deadline across a TC's 25 active files?

    Answer: A centralized calendar or transaction management system with automated reminders set ahead of each deadline

    A centralized system with advance reminders makes every deadline visible across all files.

  3. A seller's disclosure comes back with a section left blank. What is the appropriate TC action?

    Answer: Flag the omission to the listing agent so the seller can complete or initial it

    Only the seller may complete disclosures; the TC flags the gap through the agent.

  4. When an addendum changes the closing date, which follow-up step is most important?

    Answer: Recalculate dependent deadlines and notify the lender, escrow/title, and all parties

    Changing one date can shift loan, appraisal, and possession deadlines that every party must know about.

  5. What is the main purpose of a document checklist in transaction coordination?

    Answer: To verify that every required, signed, and initialed document is in the file for compliance

    Checklists help confirm file completeness against brokerage and state requirements.

  6. A buyer's earnest money is due within 3 days of acceptance. Which technique best confirms compliance?

    Answer: Get a written receipt or deposit confirmation from the escrow holder and save it to the file

    Written receipt from the escrow holder is documented proof the deposit was received on time.

  7. Which communication practice best reduces confusion among parties to a transaction?

    Answer: Sending regular written status updates that list completed items, pending items, and upcoming deadlines

    Structured written updates keep everyone aligned and create a record.

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Sources & references

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  1. car.org — Test delivery, eligibility, passing score, score release, score validity · verified Oct 2026
  2. store.car.org — Exam format · verified Oct 2026