Which of the following is not an essential element in creating a real estate agency?
a. fiduciary relationship
b. size of the commission
c. parties must be competent
d. agreement between principal and agent
Answer: b. size of the commission
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The principle of "matched maturities" in finance refers to:
A) funding long-term assets with long-term sources, and short-term assets with short terms borrowings. B) finding sources of funds with the longest maturity, in order to avoid liquidity crises C) buying marketable securities when demand is high and borrowing short term when demand is low D) using as much short-term financing as possible due to the lower cost of interest
Which of the following is true of an assignment of a right?
A) Unconditional assignment of a contract right retains all the assignor's rights. B) The obligor is entitled to performance from the assignor. C) The assignor loses the right to sue the obligor directly for nonperformance in an unconditional assignment. D) The obligor cannot raise personal defenses against the assignee.