Which would be considered acting in a lawful position as an intermediary?
A) A broker acting as an appointed licensee for both the buyer and seller
B) Appointed licensees communicating with and carrying out the instructions of different principals in one transaction
C) A broker acting as intermediary disclosing to the buyer the lowest price a seller will consider
D) A broker obtaining verbal permission to act as an intermediary
Answer: B) Appointed licensees communicating with and carrying out the instructions of different principals in one transaction
A license holder may be appointed to provide opinions and advice during negotiations to the party to whom the license holder is appointed. This requires the written consent of the parties. The broker is required to provide written notice of the appointment to all parties involved in the real estate transaction.
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Using the dividend discount model, what is the cost of equity capital for Zeller Mining if the company will pay a dividend of C$2.30 next year, has a payout ratio of 30 percent, a return on equity (ROE) of 15 percent, and a stock price of C$45?
a. 9.61 percent. b. 10.50 percent. c. 15.61 percent.
Totally computerized systems such as a quick response systems
A) eliminate traditional internal control problems. B) still require human intervention in the transaction processing cycle. C) intensify certain internal control problems. D) still require paper documents in EDI applications.