If the listing agreement indicates the real estate agent has an "exclusive right to sell", then
A)
the agent earns a commission regardless of who sells the property.
B)
the agent earns a commission only if the property is sold through a real estate agency.
C)
the real estate agent receives a commission only if he or she discovers a buyer.
D)
the real estate agent need only provide the seller a predetermined amount of money. The agent receive the difference between the sale price and the amount promised the seller.
A
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The maximax criterion results in the maximum of the maximum payoffs
Indicate whether this statement is true or false.
Daniel is due to receive the balance of his trust fund in 5 years; as a result he has taken out a(n) ________ mortgage where he has made small payments for several years and will pay off the balance in one large payment with his trust funds
A) ARM B) graduated payment C) shared appreciation D) fixed rate E) balloon payment