A divorced person under 18 years of age wants to list her home with a broker:
a. the broker cannot take the listing because she is a minor.
b. the broker can take the listing.
c. the broker must confirm with her legal guardian before listing the property.
d. None of the above.
Answer: b. the broker can take the listing.
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A young couple is applying for a loan for a new home purchase. A portion of their down payment is a loan from a Grandparent for $25,000. The money was already given to them and placed in their account three months prior to the loan application. The loan payments won't start for one year, how should the $25,000 be reported on the mortgage application?
A. Asset B. A Liability C. Gift of funds D. Not reported at all
According to the principle of unity of command, ________
A) managers should limit their oversight to a maximum of 12 employees B) managers should oversee 1-4 employees on average C) an individual should be directly responsible to only one supervisor D) an organization should be departmentalized on the basis of functions E) employees should report directly to two supervisors to maintain task balance