Hill contacted Caccamo, a real estate agent, about purchasing a condo for investment purposes in the Shaker Heights area. Hill eventually bought a condominium through Caccamo, but did not learn until after closing that rental of the units was controlled by the condominium board and the board refused to allow Caccamo to rent out the condo. Which of the following is an accurate description of

Caccamo's responsibility to Hill?
A) It is Hill's responsibility to determine any restrictions on the leasing of property before buying that property.
B) Caccamo had a responsibility to let Hill know of the restriction because she had told him she was buying for investment purposes.
C) If Hill was given a copy of the CCRs at closing, then Caccamo has no responsibility or liability for the failure to disclose the restriction.
D) Caccamo's responsibility and liability depends on whether he was a dual agent.

B

Business

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A gain or loss on the sale of a plant asset is determined by comparing the:

A. Asset's original cost with the sales proceeds B. Asset's book value with the sales proceeds C. Asset's original cost with the asset's book value D. Initial estimate of the asset's salvage value with the sales proceeds E. None of the above

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Which interview format is the most common?

A) Structured interviews B) One-on-one interviews C) Panel interviews D) Group interviews E) Final interviews

Business