Joe is a new broker. He will be required to reconcile his escrow account monthly.
<h3>
Who is a broker?</h3>
- In order to earn a commission after the trade is completed, brokers organize transactions between buyers and sellers.
- Brokers that take on dual roles as buyers or sellers are considered primary parties to the transaction.
- Neither function should be mistaken with that of an agent, who represents the principal party in a transaction.
- An impartial party whose services are often used in several businesses is a broker.
- The main duty of a broker is to connect buyers and sellers; as a result, the broker acts as a neutral intermediary between a buyer and a seller.
- A real estate or stockbroker who helps in the sale of a property would be an example.
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Answer:
The correct answer is: family life cycle.
Explanation:
The family life cycle refers to the natural stages families go through over time. There is no set path these stages follow but the most common steps in the life cycle of a family are <em>leaving home -single young adults, joining families through partnership, families with young children, families with adolescents, launching children and moving on, </em>and <em>families in later life</em>.
It would be 1600 because the 20 percent keeps the bank from loaning the rest
Answer:
It is Conflict of interest. (B)
Explanation:
A conflict of interest arises when what is in a person’s best interest is not in the best interest of another person or organization to which that individual owes loyalty.
For example, Azim is helping himself here but simultaneously hurting his employer by agreeing to give out his current employer young designer's drawings to a close competitor.
A conflict of interest exists when a person must answer to two different individuals or groups whose needs are at odds with each other. In this case, serving one individual or group will injure the other.
Answer:
The correct answer is underwriting.
Explanation:
The insurance involves the transfer of risks that tries to eliminate some of the negative economic consequences of the claims, so that the amount of the damages or losses that a part suffers are distributed among a community of people that jointly supports it, with a much smaller effect than if the damage arises individually. From a mathematical point of view, insurance transforms the risks to which people are subjected to bearable probabilities through an organization.
