The introduction of intermediaries helps in minimizing the asymmetric information gap by becoming experts.
<h3>What is information asymmetry?</h3>
Information Asymmetry deals with the study of decisions in transactions where one party has more or better information.
The financial intermediary establishes trust by providing a form of guarantee of investment performance to the buyer of securities and a fair price to the sellers of securities.
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Answer: Justin's sponsoring broker
Explanation:
From the question, we are informed that Justin, a real estate salesperson with City Brokerage, received a referral fee when he refered a client to Mark, who is another real estate salesperson with City Brokerage.
The person to pay Justin his referral fee will be Justin's sponsoring broker. It should be noted that when another agents gets a referral from an agent, the sponsoring broker is the one who gives the referral fee to the referring agent.
Answer:
This is a personal question man
Explanation:
Im sorry, but I can't answer personal questions
Sorry