May a licensee still collect earned commissions directly from a previous broker if the licensee transfers to a new firm?
A. N, the licensee forfeits all commissions when they transfer.
B. No, the licensee can only be paid commissions by the new firm.
C. Yes, provided both brokers agree in writhing to the expressed terms under the licensee shall be compensated by the former broker.
D. Yes, the licensee earned the commission under the previous broker and can be paid directly by that broker.
Answer: C. Yes, provided both brokers agree in writhing to the expressed terms under the licensee shall be compensated by the former broker.
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What should Susan do in regards to her credit card balance?
Susan has always maintained an excellent credit rating over the years. She has an annual income of $63,000, has lived at her current residence thirteen years, and has worked at the same job for eight years. Susan works in a clerical position, has two credit cards and maintains two bank accounts. Susan is very conservative and has all of her savings ($12,000) in a NOW account at her local bank. One of her credit cards has a balance of $550 and has an APR of 23%. Susan has been making monthly minimum payments on the credit card. Out of curiosity she would like to know how her credit card companies judge her creditworthiness and what she can do to improve her financial situation. A) She should continue to make minimum monthly payments. B) She should pay half of the balance this month and the remaining balance next month. C) She should take out a small loan to pay off the credit card. D) She should use some of her savings to pay off the balance in full immediately.