Under the FTC Funeral Rule, a quote is best described as:

Under the FTC Funeral Rule, a quote is best described as:

• A. An estimate.
• B. The current official price list.
• C. A final binding price.
• D. A promotional offer.

Answer: (A)

Under the FTC Funeral Rule, a price quote is a good-faith written estimate of the total price for the funeral goods and services you’ve discussed. It reflects the arrangements you’ve described and is intended to help you compare costs, not to lock in a final, binding price. The official price list you might see is the general price list (GPL), which lists standard prices for categories of goods and services; a quote is separate and more fluid because final costs can change with changes in arrangements. A final binding price would be the exact amount after you commit to specific items and services, which a quote is not. A promotional offer is just a marketing deal and does not define what a price quote is.

Under the FTC Funeral Rule, a price quote is a good-faith written estimate of the total price for the funeral goods and services you’ve discussed. It reflects the arrangements you’ve described and is intended to help you compare costs, not to lock in a final, binding price. The official price list you might see is the general price list (GPL), which lists standard prices for categories of goods and services; a quote is separate and more fluid because final costs can change with changes in arrangements. A final binding price would be the exact amount after you commit to specific items and services, which a quote is not. A promotional offer is just a marketing deal and does not define what a price quote is.