What is the name for a document that provides for someone to act in your place for legal and financial matters in the event that you become mentally incapacitated?
A) Specific power of attorney
B) Revocable power of attorney
C) Incapacitated power of attorney
D) Durable power of attorney
E) None of the above
Answer: D
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Ajax Reality lists a property for a seller at a commission rate of 8%. The multiple listing service provides that a listing brokerage will split commissions at a 50-50 rate. Baron Realty, a cooperating brokerage, finds a buyer for the property, at a price of $300,000. How much will the seller owe Ajax Reality at closing?
A. $0 B. $12,000 C. $18,000 D. $24,000
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The most widely used form of transport is ________
A) water B) air C) truck D) pipeline E) rail
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