1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vladimir2022 [97]
3 years ago
7

Real estate Salesperson fiduciary duties are

Business
1 answer:
Diano4ka-milaya [45]3 years ago
6 0

<u>Explanation:</u>

The legal duties which a person needs to fulfill as a real estate agent or broker is known as the fiduciary duties. Fiduciary duties are acted upon in the best interest of the client.

OLDCAR is the fiduciary duties acronym for that a real estate agent needs to maintain. They are as follows

Obedience: They need to obey instructions and be legal and follow ethical practices.

Loyalty: In competing offer situations agents should be loyal to their customers.

Disclosure: material facts have to be disclosed to the client.

Confidentiality:Personal information of client should not be shared without his consent.

Accountability : accurate reporting has to be given.

Reasonable care : special care should be given for the client.

You might be interested in
Name and briefly describe the quantitative methods of control (ABM)
belka [17]
Type # 2. Quantitative Control Techniques:
Budgets such as: (i) The regular operating, capital expenditure, sales and cash budgets; and. ...
Control Centres.
Audits such as: (i) Internal audits, ...
Ratio analysis (RA).
Break-even (BE) analysis.
Time-preference charts and techniques such as:
7 0
3 years ago
Uncollectible accounts are determined by the​ percent-of-sales method to be 22​% of credit sales. How much is​ uncollectible-acc
dybincka [34]

Answer:

Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680

Explanation:

Uncollectible accounts are determined by the​ percent-of-sales method to be 22​% of credit sales. How much is​ uncollectible-account expense for 2014​?

Uncollectible Accounst will simply be 22% multiplied by the credit sales figure for the year.

Accounts Receivable.....26,000

Allowance for collectible account...1,500

Credit sales for 2014 ...$94,000

Cash Sales for 2014.....28,000

Collection from customers on account...100,000

Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680

6 0
3 years ago
The best gift i ever received​
Nadusha1986 [10]

Answer:

The best gift I ever received is none other than my parents, given to me by God on my birthday. Nowadays, not every child is fortunate enough to have both parents to nurture them. As for me, I am lucky to be raised by two loving parents. They provide shelter and care so that we can live comfortably.

Explanation:

this is the correct answer you want

please follow me ☺️

8 0
3 years ago
Read 2 more answers
What is the most important component of excellence in customer service?
dmitriy555 [2]
Osmsmskspsps,s,lapses
5 0
3 years ago
Dextra Computing sells merchandise for $15,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires
Nitella [24]

Answer and Explanation:

The journal entries are shown below:

1. On Sep 30

Cash    $15750

   To Sales   $15,000

   To Sales taxes payable ($15000 ×5%)  $750

(Being the cash receipts is recorded)

For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it increased the revenue and liabilities

2   On Sep 30

Cost of goods sold   $12,000

              To Merchandise inventory $12,000

(Being the cost of goods sold is recorded)

For recording this we debited the cost of goods sold as it increased the expenses and credited the merchandise inventory as it reduced the assets

3  On Oct 15

Sales taxes payable $750

      To Cash $750

(Being cash paid is recorded)

For recording this we debited the sales tax payable as it reduced the liabilities and credited the cash as it decreased the assets

5 0
3 years ago
Other questions:
  • The Is financial statements detailing a firm assets liabilities and owners equality
    9·1 answer
  • Z-Mart uses the perpetual inventory system and allows customers to use the Z-Mart store credit card in charging purchases. Z-Mar
    11·1 answer
  • In which situation would you need to compromise to avoid stress and conflict?
    7·2 answers
  • Brad Edwards is earning $74,000 a year in a city located in the Midwest. He is interviewing for a position in a city with a cost
    9·1 answer
  • Which of the following is a drawback faced by multinational enterprises (MNEs)pursuing an international strategy?
    5·1 answer
  • World City: dominant city in terms of its role in the global political economy. Not the world's biggest city in terms of populat
    15·1 answer
  • The variance of an investment's returns is a measure of the:
    14·1 answer
  • Ambient Management, Inc. was experiencing a gap in the services it was providing. It closed the gap by ensuring that its custome
    8·1 answer
  • Marino company is currently selling 10,000 units of its product per month at $10.40 per unit for total monthly sales of $104,000
    10·1 answer
  • Question 9 of 20
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!