When a salesperson takes a listing which does not authorize the listing broker to accept a deposit from an offeror toward purchase of the property, the broker should advise his salesperson that:

A: The broker will not be able to accept a deposit from an offeror;
B: It is an implied right of a broker to accept a deposit in behalf of the seller on any offer;
C: A deposit will be accepted and retained by the broker from the offeror, but only as agent for the offeror;
D: None of the above.

Answer: C: A deposit will be accepted and retained by the broker from the offeror, but only as agent for the offeror;

Business

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The quarterly sales for specific educational software over the past three years are given in the following table. Compute the four seasonal factors

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Accountants record assets at

a. acquisition cost b. the present value of the future net cash flows based on estimated receipts and operating expenses c. current economic value d. current replacement cost e. appraised value

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