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antiseptic1488 [7]
3 years ago
9

Lisa is a homeowner looking to sell her house. She opts not to sign a listing agreement with a broker in order to save on the co

mmission. However, she is still being assisted by her good friend Martha, who is a licensed FL broker. How would you characterize Martha's relationship with Lisa
Business
1 answer:
yarga [219]3 years ago
4 0

Answer:

There is a no-brokerage relationship between Martha and Lisa since a listing agreement has not been signed and Martha is only offering assistance.

Explanation:

Brokerage relationship

This is commonly known as that tyoe of relationship that is usually contractual in nature and it exists between a client and a real estate licensee, the services of the broker has been engaged by the client for the purpose of getting a seller, buyer, tenant and willing to sell etc on client's behalf.

Authorized Brokerage Relationships

1. Single Agency

2. Transaction Broker

3. No Brokerage

4. Designated Sales Associate

No brokerage relationship

This is regarded as a form of a procedure or an arrangement where the broker does not represent either the buyer or the seller but the broker do works to help in the transaction process.

The duties of No brokerage relationship

The law states that a real estate broker working in a no brokerage relationship should always deal honest and fairly, and also disclose (open up) all known facts that materially affect the value of residential real property that are not readily seen or known to the buyer.

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8 0
2 years ago
The price elasticity of demand for beef is about 0.60. Other things equal, this means that a 20 percent increase in the price of
givi [52]

Answer:

Quantity of beef demanded will decrease by 12%

Explanation:

Data provided in the question:

Price elasticity of demand for beef, Ed = 0.60

Increase in the price of beef = 20%

Now,

Price elasticity of demand for beef,

Ed = [ Percentage change in Quantity ] ÷ [ Percentage change in price  ]

or

0.60 = [ Percentage change in Quantity ] ÷ 20%

or

Percentage change in Quantity = 0.60 × 20%

or

Percentage change in Quantity = 12%

Also,

Price and Quantity are inversely proportional

Hence,

With the increase in price, the quantity will decrease

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Quantity of beef demanded will decrease by 12%

3 0
3 years ago
3 uses of money supply
zalisa [80]

Answer:

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7 0
3 years ago
The Nautical Corporation manufactures custom-made wood wall units. The following data pertains to Job X4A: Direct materials plac
Leokris [45]

Answer:

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Direct material cost  ($9,000 x 500 units)              4,500,000                              

Direct labour cost (300 hrs x $15 x 500 units )       2,250,000

Overhead applied (100 hrs x $22.50 x 500 units)  1,125,000

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Explanation:

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3 years ago
CobWeb Inc., a software firm, assesses managers based on how well they understand theirsubordinates, and the factors involved in
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Answer:

The correct answer is E) Sebastian checks if the job flow and procedures are logical.

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