In the formula to compute the time for the Nth unit, TN = T1(Nb), the exponent b is the learning curve rate L, expressed as a decimal

When a broker has two offers on the same property, both from salespeople within his office, and both with a deposit, he is placed in a dilemma. He decides not to present the second offer until the first offer has been accepted or rejected by the seller. The seller is not informed of the second offer. The broker's action is:

A: Permissible if the second offer is substantially the same as the first; B: Permissible only if the commission is divided equally between the salespersons; C: Not permissible since he owed the fiduciary obligation to both buyers; D: Not permissible.

There are two types of agency bonds conventional and mortgage-backed

Indicate whether the statement is true or false