A broker sold an apartment building to a syndicate of which the broker was a mem- ber without informing the seller of this interest. Before closing, the owner discovers the broker's interest and refuses to sell. Which of the following choices would prob- ably result from a suit to collect a commission?
A. The broker's license would be revoked.
B. The broker would get the commission.
C. No commission would be paid.
D. The buyer would obtain specific performance.
Answer: C. No commission would be paid.
You might also like to view...
If some aspect of your appearance or background makes you uneasy, how can you offset it during the interview?
A) By displaying a superior, know-it-all attitude during the interview B) By focusing on how you can help the organization succeed C) By displaying minimal interest in the job, allowing the interviewer to try to "sell" you on the position D) By using evasive answers that will allow the interviewer to ask more detail oriented questions E) By focusing your responses on what past employers have done wrong and how they could improve
Which one of the following is NOT commonly used by public relations firms to charge clients for services?
A. Percentage of sales achieved D. Retainer plus staff time B. Straight hourly charges E. Project fixed fee C. Monthly retainer