A broker, who represents only the seller in a transaction, has a fiduciary responsibility to the seller. Dealing with a third party, the broker:
a. has a fiduciary responsibility to the third party.
b. must disclose all material facts about the property.
c. need only disclose those facts requested by the third party.
d. owes no duty to the third party
Answer: b. must disclose all material facts about the property.
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The factors that have led to rapid growth rate of travel to international destinations include increased disposable income, leisure time, and destination attractiveness
a. true b. false
Which of the following two methods are typically used for initial screening of investments, rather than for detailed, in-depth analysis?
A) payback and accounting rate of return B) net present value and payback C) internal rate of return and net present value D) accounting rate of return and net present value