Which statement is TRUE of the buyer's duties?
A. Buyers have the same disclosure duties as sellers.
B. Buyers are required to complete a disclosure statement only for residential purchases.
C. Buyers are subject to Easton liability for nondisclosure.
c
Answer: D. Buyers have no duty to disclose material facts to the seller.
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Which of the following is a not a decision that management must make before calculating ROI and RI?
A) Should nonproductive assets be included in the average total asset calculation? B) Should gross book value or net book value of assets be used? C) Should a simple average of the beginning and ending total liabilities be used? D) Should a short term focus be used?
In Illinois corporation is transferring its employees to Florida.the firm retained the floor broker to find homes for their employees.the Charlie representing the Illinois corporation notifies the Florida broker that in the state of Illinois, and attorney is recognized as a real estate broker.therefore, the attorney wants a referral fee.what should The Illinois attorney do?
A. Produce a certified statements to the Florida broker that the Illinois attorneys are recognized as brokers B. Not expect a referral from the Florida broker C. Notify FREC prior to expecting any referral fee D. Expect to receive a referral fee because he is recognized as a broker in Illinois