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Alex Ar [27]
3 years ago
15

A couple is interested in purchasing residential investment property, and they have informed their sales associate that they wan

t limited representation but do not want to be legally held responsible for the acts of a licensee. Which brokerage relationship is best suited to this couple?No brokerage relationship B) Single agency C) For sale by owner D) Transaction broker
Business
2 answers:
RoseWind [281]3 years ago
8 0

Answer:

The correct answer is D) Transaction broker.

Explanation:

A transaction brokerage provides third-party real estate services for both buyers and sellers. A real estate agent is required, by law, to legally assist only one of the parties in a real estate transaction. This is also called a single agency. However, a transaction intermediary is legally neutral and can help the buyer and seller in a transaction. Instead of acting as an agent for the buyer or seller, the transaction broker can be described as a professional assistant. Instead of a percentage of the sale, the intermediary of the transaction often charges a fixed fee.

A transaction broker can assist the buyer in preparing his offer for purchase, assist the seller in deciding what price to ask, facilitate communications between buyer and seller, write the contract and help buyer and seller to comply with the conditions of the contract and facilitate closing. Although they are not legally responsible to the buyer or seller, transaction brokers are required by law to act honestly and impartially in all transactions and to give due care and skill in their work.

katrin2010 [14]3 years ago
6 0

Answer:

option (D) Transaction broker

Explanation:

According to the given statements it can be concluded that the best brokerage relationship suited to this couple is

" option (D) Transaction broker "

In a brokerage involving the transaction broker relationship, both the main parties involved in the transaction i.e the buyer and the seller are not responsible for the act of licensee.

The transaction broker acts as an inter mediator for the whole transaction for the negotiations and the exchange of information.

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In the past, Taylor Industries has used a fixed−time period inventory system that involved taking a complete inventory count of
N76 [4]

Answer:

a) Taylor Industries can successfully cut back its labor cost in inventory stockrooms by counting only high-value items.  These items are determined by reference to their Annual Usage values.  The items' annual usage values should be used as the activity cost pool for accumulating and allocating labor cost in inventory stockrooms.  Taylor Industries can establish a benchmark or cutoff point so that only the items meeting this benchmark are counted.  For example, the items with annual usage value above $5,000 should be included in the items to be counted.  This strategy will reduce the number of items to be counted and therefore the labor cost.

b) Since item 15 is critical to Taylor Industries' continued operations, it should be classified as a direct materials cost and not an overhead cost.

Explanation:

a) Data and Calculations:

a random sample of 20 of Taylor's items:

ITEM NUMBER   ANNUAL USAGE    ITEM NUMBER    ANNUAL USAGE

1                               $ 1,500                      11                       $ 13,000

2                               12,000                     12                              600

3                                2,200                      13                        42,000

4                              50,000                     14                           9,900

5                                9,600                     15                            1,200

6                                   750                      16                         10,200

7                                2,000                      17                          4,000

8                               11,000                      18                         61,000

9                                  800                       19                         3,500

10                            15,000                      20                        2,900

Average annual usage value = $12,657.50

4 0
3 years ago
A(n) ______ is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.
Tema [17]

Every individual or business wants to make profit this is done by providing goods and services that satisfy people's needs and wants.

<h3>What is a business?</h3>

A business is an organization that aims at making a profit by providing goods and services that are desired by individuals also known as customers.

Business meets a need and gets profit in return.

Therefore, A Business is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.

learn more on business here

brainly.com/question/24553900

3 0
2 years ago
Use a T-account analysis to determine the amount of cash paid to suppliers of merchandise during the reporting period if cost of
larisa86 [58]

Answer:

The amount of cash paid to suppliers of merchandise during the reporting period is $31

Explanation:

Inventory beginning balance is $90, ending balance is $93

Account payables beginning balance is $14, ending balance is $16

Cost of goods sold is $30

Using T accounts: Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.

Therefore Purchases = Cost of Sales - Beginning Inventory + Ending Inventory

Purchases = 30-90+93 = 33

<h2 />

In the Accounts Payable Account

Opening balance and Credit purchases are on the credit side, while payment to suppliers and closing balance are on the debit side

Therefore: Opening balance + Purchases during the period = Payments during the period + closing balance.

Hence: 14+33= payments during the period + 16

Payments during the period = 14+33 - 16 = $31

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Diano4ka-milaya [45]

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