A salesperson sells buyer Fred property listed by another brokerage firm in the Multiple Listing System. The salesperson has been working with Fred for many months but does not have an agency contract with him. This salesperson has fiduciary obligations to

Hall paid the following expenses in 2017 pertaining to her home: realty taxes, $3,400; mortgage interest, $7,000; casualty insurance, $490; assessment by city for construction of a sewer system, $910; interest of $1,000 on a personal, unsecured bank loan, the proceeds of which were used for home improvements. Hall does not rent out any portion of the home. The casualty insurance premium of $490 is

a. Allowed as an itemized deduction subject to the $100 floor and the 10%-of-adjusted-gross-income floor. b. Allowed as an itemized deduction subject to the 2%-of-gross-income floor. c. Deductible in arriving at adjusted gross income. d. Not deductible.

An associative counterfeit uses a product name that differs slightly from a well-known brand but is close enough that consumers will associate it with the genuine product

Indicate whether the statement is true or false