Which of the following is NOT encompassed by agency law?
A) Payments made to an agent intended for the principal are payments made to the principal.
B) Knowledge of the principal is knowledge of the agent.
C) A contract completed by the agent on behalf of the principal is a contract of the principal.
D) The acts of an agent are the acts of the principal."
Ans: B) Knowledge of the principal is knowledge of the agent.
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If it's necessary to change information included in the listing agreement or on the listing input sheet who must provide written consent?
a. Seller and listing brokerage. b. Seller and buyer. c. Seller only. d. Listing Brokers only.
Which of the following statements is true regarding common and preferred shares?
A) Preferred shareholders have more voting power than common shareholders. B) Common shareholders are guaranteed a fixed dividend. C) Common shareholders have a more senior claim against assets than preferred shareholders. D) Preferred shareholders are entitled to their dividends before common shareholders E) Common shareholders earn a better return than preferred shareholders.