When a listing agent signs an agreement, in reality he or she is
A. signing on behalf of a cooperating broker.
B. signing on behalf of all licensees in the company.
C. signing on behalf of all other MLS licensees.
D. signing on behalf of the indicated broker
Ans: D. signing on behalf of the indicated broker
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Sales transactions involving electricity are excluded from the CISG
Indicate whether the statement is true or false
Lassen Corporation issued ten-year term bonds on January 1, 2010, with a face value of $800,000 . The face interest rate is 6 percent and interest is payable semi-annually on June 30 and December 31 . The bonds were issued for $690,960 to yield an effective annual rate of 8 percent. The effective interest method of amortization is to be used. The entry to record the bond interest expense on the
first interest payment date is: (Round answer to the nearest dollar.) a. Bond Interest Expense 24,000 Cash 24,000 b. Bond Interest Expense 27,638 Unamortized Bond Discount 3,638 Cash 24,000 c. Bond Interest Expense 27,638 Cash 27,638 d. Bond Interest Expense 27,638 Unamortized Bond Discount 27,638