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elena-s [515]
1 year ago
14

A broker has a listing agreement wherein she is paid an agreed-upon fee or commission regardless of who sells the property. What

type of listing agreement is this
Business
1 answer:
goldenfox [79]1 year ago
5 0

The answer is the exclusive right to sell agreement.

When dealing with an agent, you will have a few listing alternatives when deciding to sell your home.

The exclusive right to sell listing is one of the most common choices. A real estate agent or broker and you simply enter into an exclusive contract giving them the sole authority to sell and advertise your house.

This means that while your agreement is in effect, you are unable to work with another broker or agent.

As long as the exclusive right to sell agreement is in force, the seller must pay the real estate agent a commission regardless of who ultimately sells the property.

Hence, when a broker has a listing agreement wherein she is paid an agreed-upon fee or commission regardless of who sells the property. This type of listing agreement is an exclusive right to sell agreement.

Learn more about real estate:

brainly.com/question/5053499

#SPJ4

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8 0
3 years ago
Following is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2016 ($ millions):
mojhsa [17]

Answer:

General Mills, Inc.

1. Income Statement for the fiscal year ended May 29, 2016:

Revenue                    $16,563.1

Cost of goods sold   $10,733.6

Gross profit                $5,829.5

Total expenses          $4,092.7

Net Income                 $1,736.8

2. General Mills, Inc. Balance Sheet for the fiscal year ended May 29, 2016:

Cash                             $763.7

Non-cash assets      20,948.6

Total assets             $21,712.3

Total liabilities          16,405.2

Stockholders' equity 5,307.1

Total Liab. + equity $21,712.3

3. General Mills, Inc. Statement of Cash Flows for the fiscal year ended May 29, 2016:

Cash from operating activities    $2,629.8

Cash from investing activities             93.4

Cash from financing activities*     (2,293.7)

Net Cash Flows                               $429.5

Cash, beginning year                        334.2

Cash, ending year                           $763.7

Explanation:

a) Interestly, General Mills, Inc.'s income statement shows the financial performance (profit points) of the company when revenue is compared with the cost of goods sold and the expenses.  The first profit point is the gross profit, which is the difference between revenue and cost of goods sold.   The second profit point is the net income, which is the difference between the gross profit and the expenses incurred for the period in running the business.

b) On the other hand, General Mills, Inc.'s balance sheet shows the financial position of the company.  They show what the business owns (assets) and what it owes (liabilities) outsiders and the owners of the company (equity).

c) While, General Mills, Inc.'s statement of cash flows shows the cash flows from operating, financing, and investing activities of the company, and the net cash flows for the period, which can be reconciled to the beginning cash to obtain the ending cash balance.

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Answer:

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Answer and Explanation:

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