The intent of the statute of fraud is to.
A. Require real estate contracts to be in writing in order to be legally enforceable
B. Protect the public from misrepresentations by the licensees
C. Require licensees to disclose property defects to prospective buyers
D. Protect the public from dishonest dealing by licensees
Answer: A. Require real estate contracts to be in writing in order to be legally enforceable
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A licensed real estate salesperson is primarily responsible to:
a. the buyer. b. the seller. c. the principal who pays their commission. d. their employing broker.
An improvement index indicates:
A) whether a method other than the stepping-stone should be used. B) whether a method other than the northwest-corner rule should be used. C) how much total cost would increase or decrease if a single unit was reallocated to that cell. D) whether the transportation cost in the upper left-hand corner of a cell is optimal. E) how much total cost would increase or decrease if the largest possible quantity were reallocated to that cell.