Cooperating firm Study guides, Class notes & Summaries

WRA EXAM QUESTIONS AND ANSWERS WITH CERTIFIED SOLUTIONS. Which of the following is a duty owed ONLY to a client? A:Objective presentation of contract proposals B:Loyally represents interests C:Safeguard trust funds D:Disclose material adverse facts - Answer Loyally represents interests The duties owed to a CLIENT include: Loyally represent the client's interest, provide information and advice on matters that are material to the client's transaction, disclose all material information, f...

international business - Answer- any commercial transaction that crosses borders of two more more nations imports - Answer- goods and services purchased abroad and brought into a country exports - Answer- goods and services sold abroad and sent out of a country multinational corporation (MNC) - Answer- a business that has direct investments (in the form of marketing or manfacturing subsidiaries) abroad in multiple countries born global firm - Answer- a company that adopts a global pe...

WRA EXAM QUESTIONS AND ANSWERS WITH CERTIFIED SOLUTIONS. Which of the following is a duty owed ONLY to a client? A:Objective presentation of contract proposals B:Loyally represents interests C:Safeguard trust funds D:Disclose material adverse facts - Answer Loyally represents interests The duties owed to a CLIENT include: Loyally represent the client's interest, provide information and advice on matters that are material to the client's transaction, disclose all material information, f...

Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer repre...

The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." An appraisal would most likely be used in all of ...

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam (2024/2025) Already Passed Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only C. Both I and II D. Neither I nor II D. Neith...

Washington State portion (real estate exam) Questions with Accurate Answers Rebecca receives an earnest money deposit in the amount of $12,000. Which of the following statements best describes the deposit of this trust money? Rebecca may deposit it in the firm's regular trust account. Rebecca must deposit it in an individual trust account set up for just this client. Rebecca must deposit the funds in a non-interest bearing trust account. Rebecca must deposit the funds into a DOL sp...

Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II - A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only C. Both I and II D. Neither I nor II - D. Neither I nor II Under the general principles of agency, when a licensee is acting on behalf of a c...

BUS 303 Saylor Tested Questions & Correct Answers < Already Passed!! Information System - ANSWER : An integrated and cooperating set of software directed information technologies supporting individual, group, organizational, or societal goals. SWOT - ANSWER : An organization's strengths, weaknesses, opportunities, and threats. Used to evaluate their business strategy. Effectiveness - ANSWER : "Doing the right thing" A more effective firm can make better decisions and ...

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam| Question and Answers, 100% Correct| Latest 2024 Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only C. Both I and II D....