In company-centric marketplaces, the individual company has very little control over who participates in selling or buying transactions
Indicate whether the statement is true or false
FALSE
Business
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A duplex priced at $93,500 had an outstanding first mortgage loan balance of $79,250. It was exchanged for a four-plex, priced at $157,795 with a first mortgage loan balance of $109,642, and a junior mortgage loan balance of $39,240. To complete the exchange, the owner of the duplex will pay in cash or additional junior financing:
A: $8,913; B: $5,337; C: $5,100; D: None of the above.
Business
If a broker is an agent of a seller, he owes to the buyer:
A: The same fiduciary obligations; B: Only the duty to answer questions honestly; C: Only a duty to disclose any items which relate directly to the sales price; D: A duty of fair and honest dealing.
Business