Which of the following is not correct?
a. all real estate salespersons must have written employment contracts with their brokers
b. real estate salespersons are able to contract directly in their own name as an agent with the seller
c. the recovery fund may be used to reimburse qualified principals and buyers for damages suffered because of certain inappropriate acts by real estate licensees.
d. most real estate agency agreements are between sellers and brokers, not buyers and brokers
Answer: b. real estate salespersons are able to contract directly in their own name as an agent with the seller
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A partnership can be dissolved at any time by the partners with mutual consent.
a. true b. false
An advantage of joint ventures in the international marketplace is:
A. The local partner may have a greater knowledge of local consumer tastes and preferences B. The local partner may have a greater understanding of local business practices and regulations C. Costs of developing the new market are shared with the joint venture partner D. The risks of entering the new market are shared with the joint venture partner E. All of the above are advantages of joint ventures