Certified Relocation Professional (CRP) Practice Exam

Which type of real estate assistance typically involves no contract with a relocation management company?

1. Assigned sale plan

2. Amended value option

3. Buyer value option

4. Guarantee against loss program

The correct answer is: Guarantee against loss program

The type of real estate assistance that typically involves no contract with a relocation management company is the guarantee against loss program. This option allows sellers to have the security of a minimum price for their home without being tied into a contract with a relocation management company. Typically, this program gives sellers the assurance that they will receive a certain amount for their property, regardless of market conditions, while they retain full control over the sale process. In contrast, the other options, like the assigned sale plan, amended value option, and buyer value option, generally require a formal relationship with a relocation management company. These plans often include contractual agreements that manage the sale process, where the relocation company plays a significant role in determining the terms and conditions of the sale, thereby creating a contractual obligation between the seller and the management company.