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mixas84 [53]
3 years ago
15

An agent receives an offer of $350,000 on a property that she has listed for $355,000. When she is about to present the offer to

the sellers, another offer comes in for $300,000. She should: A. present the lower offer only if the sellers reject the higher offer B. present both offers at the same time C. present the higher offer only after the sellers reject the lower offer D. discard the lower offer, as it is clearly frivolous
Business
2 answers:
Elenna [48]3 years ago
6 0

Answer: B. Present both offers at the same time.

Explanation: Working as an estate agent requires being a intermediary or a bridge between the transacting parties. Even though the agent might receive different offers as regards the property, the final decision to sell lies with the legal owner. In the case of selling a property, Agents are charged with the responsibility of feeding inquiring dealers or buyers with required information they may need. However, under no circumstance should an agent make a decision on who to sell to or the final selling price without the consent of the owner, even if the seller seems very unlikely to accept such offer.

In the context above, the agent is expected to present both offers to the seller at the same time and leave the seller to make the final decision on whom to sell to.

Snowcat [4.5K]3 years ago
4 0

Answer:

b. present both offers at the same time

Explanation:

An agent should be Palin and explicit with his principal and in this sense should present all relevant details that would affect the principal on agreement made. In the above case, the agent must present all offers to the principal regardless of whether they seem unfavourable to the principal/seller and also in a timely manner. It does not matter therefore if the offers don't look good and that the seller is likely to reject it so long as the agent gives all information concerning all offers.

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Incorrect answer. Your answer is incorrect. Try again.
liubo4ka [24]

Answer:

Dealer Market

Explanation:

In a dealer market, multiple dealers give out their various prices on the sales and purchases of their specific and particular security of instrument. It is a financial tool for dealers in the market. The dealer market becomes more efficient for financial securities because it provides superior mechanism which should be protected.

It enables buyers and sellers to buy and sell independently through the market makers, known as dealers.

Foreign exchange and bonds are found in the dealer market.

In the secondary market, securities are traded by investors while in the primary market, they are created.

3 0
3 years ago
The developing country of alpha had a rule that none of its factories could be owned by companies from the developed country of
hjlf
<span>When the developing country alpha breaks the rule of factories not being owned by the companies of developed country beta would imply that alpha is in a vulnerable position in its trade. So this means this would be an example of decline in trade and investment barriers.</span>
4 0
3 years ago
Barbara buys the same market basket each week and spends $60 on it. This week Barbara brought $60 to the store but could not buy
Arisa [49]

Answer:

there was inflation

Explanation:

Inflation may be defined as the rise in the price or the increase in the cost of a product or commodities in the market. It is when you pay more price for the same commodity that you have bought it in a less price earlier.

When there is inflation, the price of goods in the market increases.

In the context, Barbara usually buys the same market basket every week at a price of $ 60. But this week she could not buy the market basket even though she had $ 60 with her. This is because the price of the market basket increased this week due to inflation and now cost more than $60. So Barbara could not buy the market basket.

4 0
3 years ago
What is the amount of income you should save for an emergency fund.
ZanzabumX [31]

Answer:

Depending on your income I recond 15% of every paycheck but put it to the emergency funds.

Explanation:

3 0
2 years ago
Bradley snapp has deposited $7,000 in a guaranteed investment account with a promised rate of 6% compounded annually. he plans t
allsm [11]
P = $7,000, principal
r = 6% = 0.06, rate
n = 1, compounding interval
t = 4 years

Calculate the value after 4 years.
A = 7000*(1 + 0.06)⁴
   = $8,837.34

Answer: d. $8,837.34
5 0
3 years ago
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