A homeowner desires to sell his or her home and signs an exclusive-listing agreement, requiring payment of a six percent commission to the real estate agent. If shortly thereafter, but before the agent has time to do anything to sell the property, the owner surprisingly finds a couple who purchases it for $400,000, the homeowner
a. must pay $24,000 to the listing agent.
b. is legally required only to reimburse the agent for out-of-pocket expenses.
c. has lucked out and need not pay any commission to the agent, because the agent hadn't done anything yet.
d. must pay the $24,000 commission only if the agent had acted with due diligence by placing the listing in the local multiple-listing service.
a
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California established the __________ to act as a referee for all disputes over water rights.
a. Department of Real Estate (DRE) b. Department of Motor Vehicles (DMV) c. Federal Water Conservation Authority (FWCA) d. State Water Resources Control Board
Identify the correct statement about differentiation
A) It usually implies lower costs for the customers. B) For highly technical products, differentiation is built solely on the basis of perception. C) It is based on obtaining an observable point of difference that customers will value. D) Consumer products are usually differentiated through real difference.