Which phrase BEST describes an owner's oral agreement to pay a real estate sales commission?
A. Enforceable if the seller benefited by the broker's efforts
B. Enforceable for commercial property only
C. Unenforceable
D. Enforceable only for sales up to $1,000
Answer: C. Unenforceable
Business
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Which method would an appraiser be most likely to use when appraising a newly built one year old apartment building with no rental history?
a. income approach b. cost approach c. capitalization approach d. market approach
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Whenever the percentage change in earnings before interest and taxes resulting from a given percentage change in sales is greater than the percentage change in sales, operating leverage exists
Indicate whether the statement is true or false
Business