"Et al." is an abbreviated title that stands for "and others."

All of the following are required of a broker when seeking to collect a commission for brokering the sale of a property EXCEPT

A) Having a valid real estate broker's license B) Having been procuring cause in the transaction or having an exclusive-right-to-sell agreement C) Having had a contract of employment—an agency representation agreement D) Complying with a set commission rate set by a trade organization

The fair price for the Merrill Microwaves, manufactured by Merrill Inc, is considerably higher than its actual price of $140. Merrill Microwaves have a relative performance rating of 125. According to this data, Merrill Microwaves provides ________

A) lower-quality products at higher prices B) superior-quality products at higher prices C) products with very high life-cycle cost D) relatively lower value to the customers when compared to an average relative performance rating E) a very good value for customers, but it may be underpricing the product