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arlik [135]
3 years ago
9

A buyer properly revokes the offer after receiving the property condition disclosure and requests the return of the buyer's earn

est money the principal broker is holding in a ____________ trust account. The PREB (1) may require the buyer to sign a release before returning the money; (2) must obtain the seller's permission before returning the money.
Business
1 answer:
Grace [21]3 years ago
8 0

Answer:

1. Clients'

2. The principal real estate broker (PREB) may require the buyer to sign a release before returning the money.

Explanation:

In this scenario, a buyer properly revokes the offer after receiving the property condition disclosure and requests the return of the buyer's earnest money the principal broker is holding in a clients' trust account. The principal real estate broker (PREB) may require the buyer to sign a release before returning the money.

Additionally, a principal real estate broker (PREB) can be defined as an individual who is licensed to individually provide a professional real estate service or work with other licensed brokers.

The amount of money being paid to a broker by a buyer as an initial payment to sign a purchase agreement letter is referred to as the earnest money. A principal real estate broker collects the earnest money from a buyer on behalf of the seller of a property such as land, buildings etc.

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Hex Industries reports the following information for May: Sales $ 990,000 Fixed cost of goods sold 118,000 Variable cost of good
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The gross profit of Hex Industries for May under absorption costing is $604,000.

<h3>What is absorption costing?</h3>

Under absorption costing, the total or full costs of manufacturing or (variable and fixed) cost of goods sold are included when determining the gross profit.

<h3>Data and Calculations:</h3>

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