Broker Wildon took a listing. Wilson's salesperson brought in an offer. One hour later another offer on the same property came in from a different real estate company. The salesperson from Broker Wilson's office submitted the first offer first. Which of the following is correct?
a. it's all right if the two offices decide on a commission split in advance.
b. failure to submit the second offer is permitted if the brokers agree
c. Broker Wilson must inform the seller of both offers or be subject to disciplinary action
d. only the offer with the highest price need be submitted
Answer: c. Broker Wilson must inform the seller of both offers or be subject to disciplinary action
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Martin Manufacturing is an MNE that centralizes authority to implement an extensive set of rules and procedures to govern a broad range of activities. Martin Manufacturing is most likely applying a system of ________
A) market control B) adjustment control C) bureaucratic control D) clan control
Wayne, Inc stock is $40.00 per share. The company's quarterly dividend is forecasted as $0.45 per share, indefinitely. A coupon equity-linked bond, promising to pay one share of Wayne, Inc in 3 years pays a quarterly coupon of $0.50
If annual interest rates are 4.0%, what is the price of the bond? A) $40.56 B) $42.60 C) $44.56 D) $46.60