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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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Your uncle has $340,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, star
timama [110]

Answer:

17.27 years

Explanation:

For this question we use the NPER formula that is shown on the attachment below:

Provided that  

Present value = $340,000

Future value = $25,000

PMT = $35,000

Rate of interest = 7.5%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of year is 17.27 years

5 0
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Answer:

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Explanation:

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Given that the contract specified a delivery date of March 1.

The equipment was not delivered until March 31 and as such, the revenue for the contract should be recognized on March 31 after the delivery of the equipment.

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