In: Finance
An agent does NOT owe the duty of ___.
Question 21 options:
|
|||
|
|||
|
|||
|
Which of the following statements is untrue about brokers?
Question 39 options:
|
|||||||||||||||||||
|
|||||||||||||||||||
|
|||||||||||||||||||
Question 44 (1 point) Saved Intensity of use is also known as ___. Question 44 options:
|
Answer 21:
Correct answer is:
B) loyalty to the customer’s best interests
Explanation:
An agent owes the duty of:
loyalty to the principal’s best interests
informing the client of all known facts and rumors regarding the property
following directions of the principal
Hence statements A, C and D are true. But statement C is not true.
As such:
Option B is correct and other options A, C and D are incorrect.
Answer 39:
Correct answer is:
A) Brokers take ownership of the item being transferred (at least for a brief moment in time).
Explanation:
At no point of dealing brokers take ownership of the item being transferred.
Brokers serve as an intermediary in a transaction, receive commission and may represent prospective buyers or sellers of real estate.
Hence:
Option A is correct and other options B, C and D are incorrect.
Answer 44:
Correct answer is:
B) developmental density
Explanation:
Intensity of use is also known as developmental density.
Option B is correct and other options A, C and D are incorrect.