Which of the following phrases will best describe the nature of a broker's duty to keep his principal informed:
A: Ethical conduct;
B: Continuing responsibility;
C: Fiduciary obligation;
D: Business practice standards.
Answer: C: Fiduciary obligation;
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Under ________, ownership passes directly on to the surviving owner or owners, bypassing the will. With ________, when one spouse dies assets become part of the deceased's estate and are distributed through the will
A) tenancy in common, community property B) tenancy in common, tenancy by the entirety C) joint tenancy with the right of survivorship, tenancy in common D) joint tenancy, the right of survivorship E) tenancy in the entirety, uncommon tenancy
An advantage of the point evaluation method of job evaluation is that the evaluation factors can be assigned a point value in relation to the importance of each factor
Indicate whether the statement is true or false.