The maximum commission that Broker Claire can charge for securing a $50,000 first mortgage is $2,500.
Basically, a broker is entitled to a commission as a compensation.
The law governing mortgage loan brokers states that the maximum commissions for loans of a period of 2 years is 5% of the principal of a loan of less than 3 years.
Since the broker secure a $50,000 first mortgage.
Commission = $50,000 * 5%
Commission = $2,500
In conclusion, the maximum commission that Broker Claire can charge for securing a $50,000 first mortgage is $2,500.
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Answer:
$513,110
Explanation:
The computation of the cost of the land is shown below:
= Purchase tract of land + demolished cost of old building - scrap of the building + title transfer cost + attorney fees + property taxes - amount covered the period
= $480,000 + $25,000 - $2,800 + $1,550 + $760 + $9,500 - $900
= $513,110
We simply applied the above formula
Answer:
amount would get = $7310.41
Explanation:
given data
pay interest = 5 % = 0.05
invest = $6000
to find out
how much will she have at end of four years
solution
we get here Interest is compounded semi annually
Interest = 
Interest 0.025 = 2.5 %
so here we have 4 year so here 8 semi annual period
amount would get = invest × 
amount would get = $6,000 × 
amount would get = $7310.41
Answer: Direct negotiation
Explanation:
Since the firm repurchases shares from a major shareholder through privately determined discussions, then this is referred to as a direct negotiation.
A direct negotiation occurs when a company approaches one or some if it's largest shareholders directly so that the company can buy back the shares that was sold to them by the company back from them. In this case, the shares purchase price will include a premium.
