An operational budget is a short-term financial plan that coordinates activities needed to achieve short-term goals

The amount of earnest money deposit is determined by

A) real estate licensing statutes. B) agreement between the parties. C) listing broker's office policy on such matters. D) meeting the acceptable minimum of 5 percent of the purchase price.

The return to the investor is the ________

A) reward to the borrower B) cost to the borrower C) cost to the manager D) internal rate of return