What is the effect of having a corporation as the general partner of a limited partnership?
A) The limited liability of the corporation will result in the limited partners having greater
liability than they would otherwise.
B) Each shareholder of the corporation will be treated as a limited partner of the limited
partnership.
C) The liability of the corporate general partner will be limited to the amount of its assets.
D) Each shareholder of the corporation will be treated as a general partner of the limited
partnership.
C
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Under the provisions of the Federal Fair Housing Law, aggrieved persons who have been discriminated against in their acquisition of housing may file a:
a. civil action in federal courts. b. civil action in state or local courts. c. complaint with the Department of Housing and Urban Development (HUD). d. Any of the above.
In a typical agency relationship between broker and client, the broker's commission is determined by
A) state law. B) the local real estate board. C) mutual agreement. D) minimums based on the property type.