A broker giving a price opinion, which is NOT part of a representation agreement, must note he is a licensed real estate broker.

a. true
b. false

Answer: b. false

Business

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Jane Smith made $30,000 last year and paid $8,400 in taxes. What percentage of her income did

Jane pay in taxes? A) 2.8% B) 3.57% C) 7.2% D) 28% E) 72%

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Which of the following involves a concern that one will never know how much the ultimate winner might have paid, or the true value to the final winner?

A) herd behavior B) winner's regret C) seller's lament D) loser's lament

Business