Travis may apply for $0 as in the US, consumers who have won a court judgment against a licensee are given reimbursement.
A licensed real estate broker, salesperson, or closing agent's dishonest, fraudulent, or dishonest conduct, or the conversion of trust money, are grounds for compensation under the Real Estate Education, Research, and Recovery Fund.
Every commercial sales transaction must comply with the agency disclosure obligation. A licensee's disclosure of the party(ies) he acts on behalf of in the transaction shall be confirmed in writing.
By the law, Payments from the Real Estate Inspection Recovery Fund are limited to a maximum of $30,000 per license holder and a maximum of $12,500 per transaction.
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Answer:
First we need to first find the equilibrium quantity and price during normal times.
The equilibrium price in normal times is P=$3 and the equilibrium quantity is 55 bottles.
During the hurricane, the government will set a price ceiling of $3. We can infer from the table that the quantity supplied at P=$3 is 55 bottles while the quantity demanded during hurricane at the price of $3 per bottle is 105 bottles. Hence,
105-55= 50
During a hurricane, there would be a shortage of 50 bottles of water.
If there were no price ceiling, then the equilibrium price would be such that the quantity demanded during hurricane equals the quantity supplied. From the table we can see that the equilibrium price would in that case be P=$5 per bottle where the equilibrium quantity is 85 bottles. With the price ceiling only 55 bottles are available for trading. Now without the price ceiling 85 bottles are available.
Hence consumers would have to pay an additional $2 (=5-3) but they can now buy an additional 30 bottles [=85-55].
Without the antiprice gouging law, consumers would have to pay $2 more than the ceiling price, but they would bv able to buy 30 more bottles of water.
Answer:
16.54%
Explanation:
We have to applied the rate formula that is shown in the attachment.
The NPER shows the time period.
Given that,
Present value = $2,500
Future value or Face value = $5,375
PMT = $0
NPER = 6 years - 1 years = 5 years
The formula is shown below:
= Rate(NPER,PMT,-PV,FV,type)
The present value come in negative
So, after solving this, the annual rate of return is implied is 16.54%
