The broker, in a single-party listing, should make sure to have a 120-day holdover period.

a. true
b. false

Answer: b. false

Business

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A petty cash fund was established with a $300 balance. It currently has cash of $73 and petty cash tickets totaling $222 for travel expense. Provide the journal entry to record the replenishment of the fund

What will be an ideal response

Business

The function of a __________ is limited to soliciting, identifying, and referring potential real estate clients to brokers, agents, or principals in exchange for a fee.

a. finder b. appraiser c. home inspector d. mortgage loan originator (MLO)

Business