Commercial negotiations - Study guides, Class notes & Summaries

A seller signs listing contract with firm. Who is the agent who is the principal? - ️️Seller is the principal, firm is the agent. If you are the listing agent and a buyer asks you to write an offer but does not sign an agency agreement, how do you describe the buyer? - ️️Customer What kind of agency is the firm practicing if they represent just one party in a transaction? - ️️Single Agency When can a firm engage in multiple representation? - ️️When buyer and seller conse...

FAR Part 1 -CORRECT ANSWER Federal Acquisition Regulation System FAR Part 2 -CORRECT ANSWER Definitions of Words and Terms FAR Part 3 -CORRECT ANSWER Improper Business Practices & Personal Conflicts of Interest FAR Part 4 -CORRECT ANSWER Administrative Matters FAR Part 5 -CORRECT ANSWER Publicizing Contract Actions FAR Part 6 -CORRECT ANSWER Competitive Requirements FAR Part 7 -CORRECT ANSWER Acquisition Planning FAR Part 8 -CORRECT ANSWER Required Sources of Supplies and Service FAR Par...

A seller signs a listing contract with a firm. Who is the agent and who is the principal? ______________ - The seller is the principal. The firm is the agent. A buyer asks a listing agent to draft an offer. The buyer does not sign a buyer agency agreement. Is the buyer a customer or a client? - The buyer is a customer. What kind of agency is a firm practicing if the firm represents just one party in the transaction? - Single agency When can a firm engage in multiple representation? - Writt...

A seller signs listing contract with firm. Who is the agent who is the principal? - Answer Seller is the principal, firm is the agent. If you are the listing agent and a buyer asks you to write an offer but does not sign an agency agreement, how do you describe the buyer? - Answer Customer What kind of agency is the firm practicing if they represent just one party in a transaction? - Answer Single Agency When can a firm engage in multiple representation? - Answer When buyer ...

A seller signs a listing contract with a firm. Who is the agent and who is the principal? ______________ CORRECT ANSWER The seller is the principal. The firm is the agent. A buyer asks a listing agent to draft an offer. The buyer does not sign a buyer agency agreement. Is the buyer a customer or a client? CORRECT ANSWER The buyer is a customer. What kind of agency is a firm practicing if the firm represents just one party in the transaction? CORRECT ANSWER Single agency When can a firm ...

A seller signs a listing contract with a firm. Who is the agent and who is the principal? : The seller is the principal. The firm is the agent. A buyer asks a listing agent to draft an offer. The buyer does not sign a buyer agency agreement. Is the buyer a customer or a client? : he buyer is a customer. What kind of agency is a firm practicing if the firm represents just one party in the transaction? : Single agency When can a firm engage in multiple representation? : Written consent ...

A seller signs a listing contract with a firm. Who is the agent and who is the principal? ______________ correct answers The seller is the principal. The firm is the agent. A buyer asks a listing agent to draft an offer. The buyer does not sign a buyer agency agreement. Is the buyer a customer or a client? correct answers The buyer is a customer. What kind of agency is a firm practicing if the firm represents just one party in the transaction? correct answers Single agency When can a fi...

absolute advantage ~~> the advantage gained when a country's per-unit production cost is lower than that of other countries acceptability ~~> the property of a good or service being universally acceptable in an economy allocation of resources ~~> the distribution of available resources according to the demands and needs of society appreciation ~~> an increase in a currency's value Asia-Pacific Economic Cooperation (APEC) ~~> an economic forum with 21 mem...

CON 3990 Contracting Certification Quiz 3 of 4 Latest Update Graded A+ It is the Government's pricing policy to purchase supplies and services at fair and reasonable prices from? Responsible sources What are the two types of negotiated acquisitions? Sole source and competitive What is the objective of a source selection? To select the proposal that represents the best value Which contract type shifts cost risk from the Government to the contractor? Fixed-price Which of the f...

A seller signs a listing contract with a firm. Who is the agent and who is the principal? : The seller is the principal. The firm is the agent. A buyer asks a listing agent to draft an offer. The buyer does not sign a buyer agency agreement. Is the buyer a customer or a client? : The buyer is a customer. What kind of agency is a firm practicing is the firm represents just one party in the transaction? : Single agency. When can a firm engage in multiple representation? : Written consen...