All categories

1 year ago

13. An open buyer agency agreement

1 answer:

8 0

An open buyer agency agreement is option(c) i.e, states that only the broker who actually locates the property the buyer eventually purchases is entitled to the commission.

In an open buyer agency arrangement, no agent is granted exclusivity, and the buyer is free to work with as many agents as she likes to discover the right property. The only agent who is entitled to compensation is the one who found the property that the buyer purchases.

An agency agreement outlines the conditions of the agency, including what the agent is allowed to do and how much is paid for the agent's services. The agreement also grants the agent the power that the principal specifies, such as the only able to act in her place. The duration of the contract, compensation and a description of the kind of home the buyer is looking for are the main components of the buyer-broker agreement.

To know more about agency agreements refer to: brainly.com/question/28066390

#SPJ1

You might be interested in

Please select the industry-standard types of cameras. A)Point and shoot B)Camera Phone C)HDR D)Polaroid E)DSLR

Delicious77 [7]

Answer: Polaroid and HDR D

Explanation:

8 0

3 years ago

Read 2 more answers

Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 20% of the next month's sales.

Colt1911 [192]

Answer:

The number of units that would appear in June's production budget are 297000 units.

Explanation:

The production in June will contain 80% units that relates to June's budgeted sales and 20% units that relate to July's budgeted sales. Thus, the number of units that are to be produced in June are:

June's Production = 0.8 * 295000 + 0.2 * 305000 = 297000 units

Thus, in June, 297000 units will be produced.

3 0

3 years ago

Read 2 more answers

Flex Co. uses a periodic inventory system. The following are inventory transactions for the month of January: 1/1 Beginning inve

Radda [10]

Answer:

The total cost of goods sold = $37,500

Explanation:

Given:

Beginning inventory = 10,000 units at $3

Purchase inventory = 5,000 units at $4

Purchase inventory = 5,000 units at $5

Sale inventory = 10,000 units at $10

Total inventory units = [10,000 + 5,000 +5,000]

Total inventory units = [20,000]

Total Cost of inventory units = [(10,000×$3) + (5,000×$4) + (5,000×$5)]

Total Cost of inventory units = [$30,000 + $20,000 + $25,000]

Total Cost of inventory units = [$75,000]

Average price per unit = Total Cost of inventory units / Total inventory units

Average price per unit = $75,000 / 20,000

Average price per unit = $3.75

The total cost of goods sold = 10,000 units sold × $3.75

The total cost of goods sold = $37,500

3 0

3 years ago

Danita rescues dogs from her local animal shelter. when danita's income rises by 7 percent, her quantity demanded of dog biscuit

Anna007 [38]

Answer:

The income elasticity of demand for dog biscuits is Option D: positive, and dog biscuits are a normal good.

Explanation:

'Income elasticity of demand' refers to the reaction of the demand in quantity for a good or service to that of change in income.

'Normal goods' are the goods that are related positively with income whereas 'inferior goods' are those goods which are related negatively with income. As the income increases, there is a rise in demand for the dog biscuits. This means the dog biscuits are normal goods. Income elasticity for demand is positive for Danita as it is because of the rise in income. Hence, Option D is the most appropriate.

6 0

3 years ago

The treasurer of Riley Coal Co. is asked to compute the cost of fixed income securities for her corporation. Even before making

Gelneren [198K]

Answer: (a) 6%

(b) 10.61%

(c) Yes

Explanation:

a) After tax cost of debt = Yield (1- tax)

= 8 ( 1 - 0.25)

= 8 × 0.75

= 6%

b) $cost\ of\ preferred\ stock =\frac{dividend}{price-flotation\ cost}$

$cost\ of\ preferred\ stock =\frac{5.20}{52-3}$

$cost\ of\ preferred\ stock =\frac{5.20}{49}$

= 0.1061 or 10.61%

Note: Cost of preferred stock is not tax deductible

c),Yes the treasurer is correct ,The cost of debt is 5% less than cost of preferred stock [10.61 - 6 = 4.61%]

8 0

3 years ago