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3 years ago

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.

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Westkost [7]

The correct answer is Neutral stance

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2 years ago

Macrosoft Company reports net income of $55,000. The accounting records reveal depreciation expense of $70,000 as well as increa

Mrrafil [7]

Answer:

$99,000

Explanation:

According to the scenario, computation of the given data are as follows,

Net income = $55,000

Add- Depreciation expense = $70,000

Less- prepaid rent = $50,000

Add- accounts payable = $11,000

Add- Income tax payable = $13,000

Total = $99,000

Hence, Net cash flow from operating activities = $99,000

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3 years ago

X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sale

ad-work [718]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sales dollars and the company pays a sales manager a salary of $7,000 per month. Sales commissions and salaries are paid in the month incurred.

April:

Sales comission= 0.10*70,000= 7,000

Sales manager salary= 7,000

Total= 14,000

June:

Sales comission= 0.10*120,000= 12,000

Sales manager salary= 7,000

Total= 19,000

July:

Sales comission= 0.10*70,000= 8,000

Sales manager salary= 7,000

Total= 15,000

3 0

3 years ago

Pepperdine reported net sales of $8,600 million, net income of $126 million and average accounts receivable of $890 million. its

ArbitrLikvidat [17]

The term receivables turnover ratio refers to an accounting measure that quantifies an agency's effectiveness in amassing its debts receivable.

An example of turnover is whilst new employees leave, on average, once every six months. An instance of turnover is whilst a shop takes, on common, three months to sell all its cutting-edge inventory and requires new inventory. The fee at which workers in a business enterprise, sufferers in a medical institution, and many others. are replaced.

Turnover is an accounting idea that calculates how quickly a business conducts its operations. most often, turnover is used to recognize how speedy an agency collects cash from debts receivable or how speedy the organization sells its stock.

Turnover is the whole income made by means of a commercial enterprise in a positive duration. it's every now and then known as 'gross revenue' or 'earnings'. this is one-of-a-kind to earnings, which is a degree of profits.

Learn more about Turnover here: brainly.com/question/27523896

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6 0

1 year ago

On January 1, 2018, Race Corp. acquired 80% of the voting common stock of Gallow Inc. During the year, Race sold to Gallow for $

andreyandreev [35.5K]

Answer:

Consolidated income: 954,800 dollars

Explanation:

Gallow income x race participation:

$ 204,000 x 80% = $ 163,200

The gross profit in the infra-entity transaction will be eliminated

$ 450,000 - $ 330,000 = $ 120,000 gross profit

15% remains at Gallow so: $ 120,000 x 15% = $ 18,000 gross profit for the unsold inventory.

We now multiply by Race participation: $ 18,000 x 80% = $ 14,400 unrealized gain.

Consolidated income:

Race income: 806,000

Gallo income 163, 200

unrealized gain (14, 400)

Total: 954,800

3 0

3 years ago