All of the following types of agency are permitted in Texas EXCEPT

A) a broker employed to negotiate a transaction between the parties as a dual agent under common-law principles.
B) a broker employed to negotiate a transaction between the parties as an intermediary.
C) a broker employed to negotiate a transaction between the parties as an intermediary without appointments.
D) a broker employed to negotiate a transaction between the parties as an intermediary with appointments.

Answer: A) a broker employed to negotiate a transaction between the parties as a dual agent under common-law principles.

Business

You might also like to view...

This regret matrix gives potential dollar values in thousands for strategies S1, S2, S3, and S4 for Al's Fish Fry and competitive strategies CA1, CA2, and CA3 for Sal's Fish Bake. If Al chooses S3, what kind of strategy is he using?

CA1 CA2 CA3 S1 3 15 9 S2 12 10 12 S3 8 9 17 S4 13 16 3 A) minimax B) maximin C) maximax D) minimin

Business

Big Dots provides a one-year warranty with all its products it sells. It estimates that it will sell 350,000 units of its product for the year ended December 31, 2016, and that its total revenue for the product will be $105,000,000. It also estimates that 75% of the product will have no defects, 5% will have major defects, and 20% will have minor defects. The cost of a minor defect is estimated

to be $6 for each product repaired, and the cost for a major defect cost is about $21. The company also estimates that the minimum amount of warranty expense will be $1,500,000 and the maximum will be $6,000,000. Prepare the journal entry for 2016 under the warranty. What will be an ideal response?

Business