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Maurinko [17]
2 years ago
9

In the case where a broker was found guilty of license law violations and the Recovery Fund was required to pay a judgment of $8

,000 from the fund, what could the FREC do to the broker
Business
1 answer:
svp [43]2 years ago
5 0

When a broker was found guilty of license law violations and the recovery fund was required to pay a judgment of $8,000 from the fund, the FREC must revoke the broker's license for being found guilty.

<h3><u>The Florida Real Estate Commission (FREC) is what, exactly?</u></h3>

The Florida Real Estate Commission (FREC) was established to supervise and instruct real estate licensees. The governor appoints and the Senate confirms the seven members of the commission.

Its breakdown is as follows:

  • Real estate brokers who have been actively licensed for five years prior to joining the commission are required to make up four of the FREC members.
  • One member must be a licensed broker or sales associate who has held an active license for the two years prior to appointment.
  • Two of the members must be individuals who are not now and have never been brokers or sales representatives.
  • Members of the FREC are appointed to four-year terms, and at least one member must be 60 or older.

Learn more about the Florida Real Estate Commission (FREC) with the help of the given link:

brainly.com/question/14316863

#SPJ4

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An oligopoly exists when a firm offers a product that has no close substitutes, making the firm the sole source of supply.
Mademuasel [1]

Answer:

B) False

Explanation:

That would be a monopoly (only one supplier).

An oligopoly is a market where there are very few suppliers, and competition is very limited since the barriers to entry are very significant.

For example, the automobile industry is an oligopoly. There are only a few car manufacturers in the world, and they all are very large corporations. It costs hundreds of millions of dollars to introduce a new car model, and every time that happens, the corporations must carry on expensive advertising and promotional campaigns.

4 0
3 years ago
Which of the following types of venue is favored by small-business retailers?
kondor19780726 [428]
The type of venue that small-business retailers favor is C.SPECIALTY SHOP.

Being in a specialty shop, your products will be prominently displayed and competition is minimal <span>compared to other given venues.

Customers, looking for specific items that you can offer, usually  prefer going directly to the shops instead of wasting time looking around those bigger venues searching for items they need. </span>
8 0
3 years ago
A company has four vendors and the accounts payable subsidiary ledger shows the following balances.
Luba_88 [7]

Answer:

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7 0
3 years ago
On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the terms 2/10, n/30. What is the amount
vampirchik [111]

Answer:

a) $1,000

Explanation:

Early Settlement Discount

This form of quotation is common with suppliers offering their customers deferred payment arrangement in a sale contract. Usually, under this arrangement customers are allowed to purchase goods on credit and settle their acccount at a specified  later date.

However, to encourage customers to pay up their outstanding earlier than expected, suppliers do offer early settlement discount as incentives to induce prompt payment.

A quotation of 2/10, n/30

This implies that the customer is a given a 30-day period from the date of purchase within which he is expected to settle his account. However, if he does so within the next 10 days of purchase he will be given a 2% discount.

<em>Applying this to the question, the purchase date is August 1, the the latest date for which account is settle to qualify for early settlement discount will be 11 days i.e (1+10) .</em>

Since the payment will be made on August 12, no cash discount will received. Therefore, a payment of gross amount of $1,000 would be credited to the cash account.

7 0
3 years ago
Lightwire Co. made the decision a decade ago to make the copper wires it needs for its products in house rather than outsourcing
sineoko [7]

Answer: <em>Option (A) is correct</em>

Explanation:

Here in the given case, in the context of supply change, the corporation did go wrong on part of adaptability. Adaptability is known as a feature of a process or of a system. This term has been utilized in several different discipline and organization operations. According to Gronau and Andresen, adaptability in organizational management can be referred to as ability to bring changes to oneself or something in order to fit the changes occurring.

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3 years ago
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