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Mekhanik [1.2K]
2 years 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:
Alex2 years 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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In May 2009, General Motors started closing 2,600 of its retail outlets and finally filed for bankruptcy in June. It emerged fro
harina [27]

Reorganization

<u>Explanation:</u>

Revamping may allude to the restoration of an organization's funds as per a liquidation. It can likewise allude to any procedure that influences the duty structure of an organization. Furthermore, revamping may allude to a merger or obtaining or offer of an organization that changes the proprietorship, stock, or lawful and the executive's structure.

The redesign is a conventional court-managed procedure of rebuilding an organization's funds after chapter 11. As per insolvency laws, explicitly Chapter 11, an organization is given security from lenders during the timespan when the organization proposes and a liquidation court audits and affirms a particular revamping plan. The rearrangement is planned to reimburse lenders to the most extreme degree conceivable and to rebuild the organization's accounts, the executives, and tasks to keep a similar issue from emerging once more.

8 0
3 years ago
Ian participates in a 401(k) plan at work. For every $1 Ian contributes to the plan, his employer adds 50 cents. Employer contri
Inessa [10]

Answer: $5,150

Explanation:using the information given above,

For every $1 contributed by the employee, employer adds 50cent.

Employer contribution ends after employee contributes $2500 to the 401(k) plan.

Last year:

Ian's weekly contribution = $75

Number of weeks in a year = 52

Ian's total contribution ($75 × 52) = $3,900

Ian's Employer's total contribution:

$0.5 × $2500 = $1,250

Therefore total contribution last year :

$3900 + $1250 = $5,150

6 0
4 years ago
Sales revenue for a sporting goods store amounted to $528,000 for the current period. All sales are on account and are subject t
weqwewe [10]

Answer:

The answer is A. A debit to Accounts Receivable for $ 586,080

Explanation:

Sales tax is an additional amount of money one pays based on a percentage of the selling price of goods and services that are purchased.

The sales tax amount will be added to sales revenue to form the total bill.

Sales revenue ----------------- $528,00

Sales tax -------------------------- 11%

Sales tax amount

$528,00 x 0.11

= $58,080

Therefore, total bill is:

$528,00 + $58,080

=$586,080.

Debit increases an asset(accounts receivable) while credit decreases an asset(accounts receivable).

Since the accounts receivable will increase, it will be on debit side.

8 0
3 years ago
Generally speaking there are no time limit rules in the U.S. Senate?
Snowcat [4.5K]
The statement "<span>Generally speaking there are no time limit rules in the U.S. Senate" is false. There is a time limit in the US senate</span>
8 0
3 years ago
Read 2 more answers
Education benefits both students and the community. Suppose that those students who purchase education consider only their own b
nikdorinn [45]

Answer:

The correct answers are: greater; below

Explanation:

Education is a public good and a human right from which no one should be excluded. To conceive it as a right and not as a service, requires the State to ensure a compulsory and free education to all citizens, because the rights are not bought or traded, UNESCO establishes and defends.

However, the general benefit of education is greater than the sum of benefits that it provides to each individual. In this sense, four positive externalities are identified: (a) Individuals with more education, charge more and pay more taxes. (b) Kangaroo effect: the State from a young age takes care of the children and therefore, the woman can go to work and produce more income. (c) Production externality: an individual with more education will produce more production and therefore more income. (d) Cultural externality: a community with a strong cultural base can contribute to fostering values ​​such as tolerance and increasing social cohesion, contributing to the reduction of social conflict.

8 0
4 years ago
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