What is the standard minimum time limit for employment in an exclusive listing agreement?
A. 30 days
B. Six months
C. The average length of time it takes to find a buyer in that particular locality
D. Whatever is agreed upon by broker and property owner
Answer: D. Whatever is agreed upon by broker and property owner
Explanation: The termination date of an exclusive listing is determined by agreement between the broker and the seller.
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A current liability is a debt that can reasonably be expected to be paid
A. within one year B. between 6 months and 18 months C. out of currently recognized revenues D. out of cash currently on had
Raye stopped at a convenience store to buy milk. While he was paying for his milk, he noticed a fresh doughnut display and bought two glazed doughnuts. In this example, what are the doughnuts?
a. specialty products b. business products c. unsought products d. convenience products