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Lemur [1.5K]
3 years ago
5

Suppose that a recent purchase of a residential home has been facilitated equally by a listing agent and a buyer broker. Based o

n your understanding of how commissions are determined, which of the following scenarios best describes who would be entitled a commission upon sale of the property? (Note: For simplicity, you can assume the seller did not procure the buyer on his or her own.)A) neither the listing broker nor the buyer brokerB) only the buyer brokerC) only the listing brokerD) both the listing broker and the buyer broker
Business
1 answer:
alexgriva [62]3 years ago
8 0

Answer:

The correct answer is

D) both the listing broker and the buyer broker

good luck ❤

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<h3>What journal entries?</h3>
  • A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
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Know more about journal entries here:

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The complete question:

T. Dole invests cash and land into an existing partnership. The cash invested is $30,000 and the land has a fair market value of $60,000. The journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $ ______.

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