Barter is an alternative for buyers who lack money needed to pay for imports
Indicate whether the statement is true or false
TRUE
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Broker Garcia had an exclusive right to sell listing on a home for $350,000. An offer was presented for $325,000 which the seller accepted. Just before the closing, the seller changed his mind and informed broker Garcia that he would not sell. Which of the following is true regarding broker Garcia?
a. the seller must complete the sale b. the seller does not have to sell, but must pay a commission c. if the seller refuses to sell, he is not liable for a commission d. if the seller refuses to sell, he must pay one half of the commission
The mixing of trust funds with a broker's personal funds is
A) conversion B) commingling C) legal in most states D) permitted in offices with fewer than three agents