A homeowner gives several open listings to individual real estate brokers. If the homeowner finds a buyer, and sells the property himself:
a. he is obligated to pay a commission to the procuring cause of this sale
b. he does not have to pay a commission
c. he is obligated to pay a commission to all the brokers who signed an open listing to sell the property
d. he only has to pay a partial commission to the broker who actual sold the property
Answer: b. he does not have to pay a commission
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Causality may be thought of as understanding a phenomenon in terms of conditional statements of the form "If x, then y."
Indicate whether the statement is true or false
A retail firm downsizes when it ________
A) acquires one or more competitors with a low-end strategy B) enters the maturity stage of the retail life cycle C) leaves the introduction stage of the retail life cycle D) closes unprofitable outlets E) shifts away from an upscale strategy