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1 year ago

A broker wishes to sell her own home. what professional disclosure does is required in this case?

Business

1 answer:

damaskus [11]1 year ago

5 0

The broker must provide a Transfer Disclosure Statement (TDS).

In order to earn a commission after the trade is completed, brokers organize transactions between buyers and sellers. An LPC, LMFT, or registered associate sends every client a professional disclosure statement (PDS), which contains details about the licensee/registered associate and their practice. Every candidate for licensure must provide a PDS with their application.

Any prospective buyer whose offer has been accepted must get a Transfer Disclosure Statement (TDS) from the broker, which was acquired from the seller. Specific inquiries concerning flaws or malfunctions that the seller may be aware of are made on this form.

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"The ownership interest held by the lessor, which includes the right to receive the contract rent specified in the lease plus th

Ivahew [28]

Answer:

Leased Fee Interest

Explanation:

Leased Fee Interest refers to the right of the lessor to lease his property to a tenant and earn rental income in addition to the value of the asset which is reverted back to the lessor upon expiry i.e reversionary right.

The total of leased rental payments and reversionary value is termed as Leased Fee Interest.

A lease is a contract wherein one party i.e the lessor agrees to lend the asset to other party i.e the lessee in exchange of periodic payments in the form of lease rentals usually without transferring the ownership of the asset.

5 0

3 years ago

Universal Travel Inc. borrowed $501,000 on November 1, 2021, and signed a 12-month note bearing interest at 7%. Interest is paya

Anon25 [30]

Answer:

Interest = $5,834.67

Explanation:

In November 1, the note bears 12 month = 7%

From November 1 to December 31 = 2 month

Hence for 2 month Interest = 2 * 7/12(%) = 1.1667%

Thus, interest = $500,100 * 1.1667%

Interest = 5834.6667

Interest = $5,834.67 approximately.

3 0

3 years ago

Jessica teaches business studies in a reputed college. As part of the curriculum, she needs to demonstrate to her students the s

nata0808 [166]

Answer:

In the first step jessica should discuss the basic and general ideas of creating business.

Explanation:

As mentioned in the question jessica teaches business studies in a college and she has to demonstrate her students the steps which would be involved in the starting of a business.

So, she has thought to demonstrate the ideas in a sequential order with proper examples and all the steps should be explained nicely.

So,here in the first step she will need to:

Start with the most basic and general idea of creation of new business.

Here we should know why a business basic idea so important:

Because a proper plan will only lead to a business reality.
The idea will work as a blueprint in the guidance of business
The best idea will progressively lead to well settled company from a start-up.

6 0

3 years ago

During December, LafertyLaferty designed a landscape plan and the client prepaid $ 8 comma 000$8,000. LafertyLaferty recorded t

liubo4ka [24]

Answer:

The answer is:

Dr Unearned Service Revenue 4,800

Cr Service Revenue 4,800

Explanation:

Since Laferty completed 60% of the landscape plan during this year, they should record $4,800 as earned revenue ($8,000 x 60%), while the remaining $3,200 should stay as unearned revenue. The journal entries should be as follows:

Dr Unearned Service Revenue 4,800

Cr Service Revenue 4,800

5 0

3 years ago

"Problem 20-01A a-b, c Carla Vista Sports Inc. manufactures basketballs for the Women’s National Basketball Association (WNBA).

Natali [406]

Answer:

Effect on income= $26,700

Explanation:

Giving the following information:

Producing 118,600 units. Amount Sales $4,506,800 Cost of goods sold 3,475,506 Selling and administrative expenses 498,060 Net income $533,234 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $249,000. In July, normally a slack manufacturing month, Carla Vista Sports receives a special order for 10,000 basketballs at $28 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.73 per unit because of shipping costs but would not increase fixed costs and expenses.

Unitary variable cost= (3,475,506 - 960,000)/118,600= $21.2

Unitary variable selling and administrative= (533,234 - 249,000)/118,600= 2.40

New offer:

10,000 units for $28

Total unitary variable cost= (21.2 + 2.4 + 0.73)= $24.33

Effect on income= 10,000*(28 - 24.33)= $26,700

4 0

3 years ago