Answer:
The answer is D, there are no requirements in the Illinois Real Estate License Act when a broker sells their property "For Sale by Owner"
Explanation:
Refering back to the question, every statement listed in the option of answers are correct except for D, because in respect to Illinois real estate, Licensees that that are issued licensed as a Managing Broker but are not the Managing Broker of the property with the IDFPR may not advertise themselves as a "Managing Broker" in all ads including business cards
It is the duty of every licensee to immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address. Hence, the given statement is true.
<h3>What is an
address?</h3>
The term "address" refers to the location of a venue where something or someone can be easily found. There are various kinds of addresses that are used by humans to locate or locate either themselves or anything else or a human.
Some of the instances of address are residence address, business address, meeting address, and many more. All legal documents that are held by a person are registered at the address that is given by them.
Thus, when any kind of change in the address occurs or happens, it is the duty of the document holder to inform the signed authority.
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The complete question has been attached in text form:
Every licensee must immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address
False
True
Answer:
7.14%
Explanation:
Tax rate applicable for John Richards =30%. So, Post Tax profit for corporate bond will be 70% (1 - 30%) of profit.
Required post tax profit from Corporate Bond is 5%.
Required pretax profit from Corporate bond = 5%/70% = 0.071429 = 7.14%
Therefore, to get 5% post tax profit from corporate bond, the interest rate needs to be set on 7.14% to produce the same amount of usable (after-tax) income.
Answer:" Professional education is a formalized approach to specialized training in a professional school through which participants acquire content knowledge and learn to apply techniques. Although content is what the participant is expected to learn by attending professional school, such an education also helps the participant acquire the competencies needed for proper practice and behavior."
Explanation:
Answer:
Corporate bond pay = 10.169%
Explanation:
Given:
Federal tax = 28%
State tax = 9%
Local income tax = 4%
Municipal bond pay = 6% = 0.06
Corporate bond pay = ?
Computation of Corporate bond pay :
Total taxes rate = 28% + 9% + 4%
Total taxes rate = 41% = 0.41
Corporate bond pay = Municipal bond pay / (1-total tax rate)
Corporate bond pay = 0.06 / (1-0.41)
Corporate bond pay = 0.06 / (.59)
Corporate bond pay = 0.10169
Corporate bond pay = 10.169%
