Question

In: Finance

An agent does NOT owe the duty of ___. Question 21 options: A) loyalty to the...

An agent does NOT owe the duty of ___.

Question 21 options:

A)

loyalty to the principal’s best interests

B)

loyalty to the customer’s best interests

C)

informing the client of all known facts and rumors regarding the property

D)

following directions of the principal

Which of the following statements is untrue about brokers?

Question 39 options:

A)

Brokers take ownership of the item being transferred (at least for a brief moment in time).

B)

Brokers serve as an intermediary in a transaction.

C)

Brokers often receive compensation in the form of a commission.

D)

Brokers may represent prospective buyers or sellers of real estate.

Question 44 (1 point)

Saved

Intensity of use is also known as ___.

Question 44 options:

A)

economic density

B)

developmental density

C)

financial density

D)

urban density

Solutions

Expert Solution

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.


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