8. The increase of value with the passage of time describes: A. appreciation B. "return on"
investment C. "return of" investment D. depreciation - Answer✔️✔️-appreciation
9. Which of the following statements does NOT correctly describe a fiduciary?
A. A fiduciary owes loyalty to the principal
B. A fiduciary must conform to the principal's legal instructions
C. A fiduciary is an agent
D. A fiduciary is a neutral third party - Answer✔️✔️-fiduciary is a neutral third party
10. A broker secured a buyer for his client and the seller accepted. Under which type
of listing could a broker not receive a commission?
A. net listing
B. open listing
C. exclusive listing
D. exclusive authorization and right to sell listing - Answer✔️✔️-net listing
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