Under an exclusive agency agreement:
a. an owner may sell the property himself without liability for a commission to the broker
b. an owner must pay a commission to the broker, no matter who sells the property
c. an owner can sell the property to anyone the day after the listing expires, with no liability to the broker for commission.
d. an owner can subsequently give another broker a listing (at any time), which would have the effect of canceling the original listing agreement
Answer: a. an owner may sell the property himself without liability for a commission to the broker
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Which of the following is a potential drawback to advertising on a blog?
A) The content of a blog is difficult to control. B) Advertising on a blog is typically expensive. C) It is difficult to use blogs to reach highly targeted audiences. D) Blogs are losing popularity as consumers begin to favor newer Internet forums. E) Blogs do not provide the kind of personalized medium that today's marketers want.
$62,000 is borrowed, to be repaid in three equal, annual payments with 10% interest. Approximately how much principal is amortized with the first payment?
a. $24,931.12 b. $18,731.12 c. $6,200.00 d. $2,493.11