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...

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...

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...

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 ...

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...

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 (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...

Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to one of her licensees. D) Jane paid a commission to a Florida licensee who is not ...

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...

Hawaii Real Estate Review Quiz 1 100% Correct Solved The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical - Correct Answer ️️ -A) You can be deeded fee simple title on a condo unit A licensed broker can establish his m...