Paul agrees with William (who accepts) to purchase William's house if Paul can arrange a mortgage for $250,000 in 30 days. The term regarding the mortgage arrangement is called:

A real estate agent may not represent all of the principals in a transaction if:

a. they have not obtained the consent of all parties to this agency relationship. b. they have informed all principals they are acting as a dual agent. c. they are collecting a commission from each principal with the knowledge of the others. d. they also represent other clients in other unrelated transactions.

Which of the following is true regarding customer buying power?

A) When customer buying power is high, the cost of serving customers decreases. B) When customer buying power is high, the market attractiveness increases. C) When customers can easily switch from one supplier to another, the competition decreases. D) When the purchased product or service is of limited importance to the customer, supplier dependence is much higher. E) When customer buying power is high, they force increased competition.