Which of the following statements is TRUE of an exclusive right to sell listing agreement?

A. The seller can sell their property without paying a real estate commission.
B. The listing broker is guaranteed a fee if the property is sold.
C. The listing broker must find the buyer to collect a fee.
D. The seller usually appoints may brokers to find a buyer.

Answer: B. The listing broker is guaranteed a fee if the property is sold.

Business

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Journal entries are required for the reconciling items on the book side because ________

A) those transactions have not yet been recorded by the bank B) the adjusted balances on both sides are the same amounts C) the amounts are immaterial D) those transactions have not yet been recorded on the company's books

Business

In you are involved in an automobile accident and suspect the other driver may have been driving under the influence, you should request that the police perform sobriety tests on both of you

Indicate whether this statement is true or false.

Business