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In: Operations Management

What is an example of an in-house sale?Jan always represents buyers and Dan always represents...

What is an example of an in-house sale?

Jan always represents buyers and Dan always represents sellers. Jan and Dan work for the competing brokerages.

A transaction where the closing occurs within the home being sold.

Kim represented the buyer and Tim represented the seller in the same transaction. Kim and Tim work for the same brokerage.

Kate represented the buyer and Jack represented the seller in the same transaction. Kate and Jack work for the different brokerages.

Which of the following best describes a breach of contract?

A termination of the contract by the mutual consent of the parties

Partially fulfilling the requirements of the contract

The failure of a party to perform according to the terms of the contract

A contract whose purpose is illegal.

Commissioners are appointed for a ___-year term.

4

5

6

7

Solutions

Expert Solution

1. An in-house sell occurs between two parties when they work for the same organization and they can act as bothe i.e. any person can be the buyer and any person can be the seller. In brokerage firms this type of sells happens regularly. The answer to this question would be

Kim represented the buyer and Tim represented the seller in the same transaction. Kim and Tim work for the same brokerage.

2. A breach of contract can be taken into consideration when a party does not perform according to the contract rules. For example, if somethings are required in a contract to be avoided and a party uses those things it represents a breach of contract. here the most appropriate answer would be

The failure of a party to perform according to the terms of the contract

3. commissioners or real estate commissioners are appointed by the federal government for a tenure of 5 years

keosha answered 2 years ago
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