A broker and a seller signed a standard listing agreement. Under the terms of this listing the broker would be appointed to perform all of the following acts EXCEPT:
A. Attempt to find a ready, willing and able buyer for the real property.
B. Sell, trade or convey title to the real property.
C. Place a "For Sale" sign on the property and market the property.
D. prepare a data sheet with information about the property to give to prospective purchasers.
Answer: B. Sell, trade or convey title to the real property.
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The equally likely decision criterion is also called the Laplace criterion
Indicate whether the statement is true or false
Extreme Adventures Inc. needs to raise capital and has hired Solomon Sisters to be its investment banker (IB)
Solomon recommends a sale of common stock and estimate the firm could raise a gross amount of $7,500,000 if they could sell 300,000 shares of stock at $25 per share. Solomon has offered two compensation methods for its work on the sale of these securities. The first is a best efforts arrangement where Extreme will pay Solomon $1.00 for every share issued. The second is a firm-commitment of $7,000,000. If Solomon is able to sell the entire issue at the recommended price, how much money will it make under each arrangement? What is the break-even point in sales percent between firm commitment and best efforts for Extreme Adventures? What will be an ideal response?