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Mekhanik [1.2K]
1 year ago
15

Travis, a licensed salesperson, was awarded a judgment of $10,000, but the broker won't pay. for what amount may travis apply to

the real estate recovery fund?
Business
1 answer:
Alex1 year ago
6 0

Travis may apply for $0  as in the US, consumers who have won a court judgment against a licensee are given reimbursement.

A licensed real estate broker, salesperson, or closing agent's dishonest, fraudulent, or dishonest conduct, or the conversion of trust money, are grounds for compensation under the Real Estate Education, Research, and Recovery Fund.

Every commercial sales transaction must comply with the agency disclosure obligation. A licensee's disclosure of the party(ies) he acts on behalf of in the transaction shall be confirmed in writing.

By the law, Payments from the Real Estate Inspection Recovery Fund are limited to a maximum of $30,000 per license holder and a maximum of $12,500 per transaction.

Learn more about Real Estate Recovery Fund at brainly.com/question/14102448

#SPJ4

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A consumer values a car at $30,000 and a producer values the same car at $20,000. What amount of tax will result in unconsummate
Serhud [2]

The question is incomplete:

A consumer values a car at $30,000 and a producer values the same car at $20,000. If the transaction is completed at $24,000, what level of sales tax will result in unconsummated transaction?

a. 0%

b. 25%

c. 20%

d. 40%

Answer:

d. 40%

Explanation:

The unconsummated transaction would occur when the price that the customer has to pay is higher than the value that he gave to the car. According to that, the answer would be the tax that would increase the final price to more than $30,000:

0%: $24,000

25%: 24,000*1.25= $30,000

20%: 24,000*1.20= $28,800

40%: 24,000*1.40= $33,600

The answer is that the amount of tax will result in an unconsummated transaction is 40%.

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3 years ago
In his search for a franchised business that would satisfy his passion for the outdoors and also earn him a decent living, Asher
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Answer:

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What is a major problem organizations tend to have when implementing organizational ethics program?
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3 years ago
Marko Shioda, master scheduler at Randall Manufacturing Company, prepared the following MPS for one of the firm's major end prod
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Answer:

Explanation:

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Widgets required Week 1 = 150 *3 = 450

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Week #        1 2 3

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