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coldgirl [10]
2 years ago
9

David, a real estate broker representing the seller, received an offer on his client's property for $450,000, $50,000 below the

asking price. However, the prospective buyer told David that he is capable and willing to offer up to $525,000. According to David's fiduciary duties to his client, what should he tell the client...
Business
1 answer:
Evgen [1.6K]2 years ago
8 0

The client should be told that the potential buyer is prepared to pay $25,000 more than the asking price. This is further explained below.

<h3>What is a real estate broker?</h3>

Generally,  Real estate brokers are real estate agents who successfully complete additional schooling requirements and get a state real estate broker license.

In conclusion, Informing the customer that a buyer is willing to pay $25,000 more than the asking price is appropriate.

Read more about broker

brainly.com/question/14094023?

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On April 1, Lewis Company paid $14,400 for two years of insurance in advance. Lewis Company recorded the transaction by debiting
Dominik [7]

Answer:

31 Dec       Expense A/c Dr.                      $5,400

                         To Prepaid Expense A/c                   $5,400

(Therefore, expense for the current financial year recorded)

Explanation:

We know that at the time of insurance paid in advance on 1 April for 2 years, entry was;

Prepaid Insurance A/c Dr.            $14,400

                 To Cash A/c                                      $14,400

Now at year end the expense relating to current period shall be recognized properly in the books, so that matching principle of revenue against expenses shall be matched.

Thus, period from 1 April to 31 December = 9 months

Expense for 9 months = 14,400 \times \frac{9}{24} = 5,400

That means expense for the year = $5,400

Therefore, entry for such recording will be:

31 Dec       Expense A/c Dr.                      $5,400

                         To Prepaid Expense A/c                   $5,400

(Therefore, expense for the current financial year recorded)

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3 years ago
Which of the following is a PRE-READING activity designed to help build reading comprehension
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What does it mean for a research topic to be amenable to scientific study using a qualitative approach?
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If a certain household earns and spends $24,000 per year and, on average, holds a money balance of $6,000, then the velocity of money for this household is 4.

A household consists of one or more people who live in the same dwelling and share meals. It can also consist of a single-family or another group. Households are the basic unit of analysis in many social, microeconomic, and government models and are important to economics and inheritance.

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