Owners who don't try to stop potential buyers from believing that a real estate agent has been authorized to speak on their behalf may have created an ________________________________.

A. Ostensible Agency
B. Express Agency
C. Implied Agency
D. Subagency

Ans: A. Ostensible Agency

Business

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A, B and C are tenants in common. A owns 2/3 interest. B and C own 1/6 each. C has died leaving his interest to his daughter, D. B has transferred his interest to H. The property is now owned as follows

A) A owns the full amount B) A - 2/3, H - 1/3 C) A - 2/3, D - 1/6, H - 1/6 D) A - 5/6, H - 1/6

Business

A method of assigning probabilities based on historical data is called the

a. classical method b. subjective method c. relative frequency method d. historical method

Business