Transaction broke - Study guides, Class notes & Summaries

CONTRACTS & REGULATIONS SECTION 7: COLORADO LISTING CONTRACTS QUESTIONS AND ANSWERS. VERIFIED. a Brokerage firm and a seller A listing contract is the employment contract between who and who? No unless the employing broker gives you permission If you leave one brokerage & join another, are you allowed to take your active listings with you? acting only as a transaction-broker Colorado listing contract may be oral if the broker is ___________________________________ Otherwise it must be ...

MI state Exam practice 120 Questions with Verified Answers After accepting an offer in writing, if a seller withdraws acceptance and cancels the transaction, which of the following is TRUE? - CORRECT ANSWER The broker, having facilitated a written acceptance of an offer, is entitled to compensation and may sue the seller for the commission. A realty company has entered agency agreements with both the sellers and the buyers in the transaction of a property. Is this allowable? - CORRECT ANSW...

UGBA 135 Midterm21st Century Millionare - correct answer - Someone who can financially take care of themselves without help from any government agency, living the life they want to lead - After working for 40 years, only 5% of people are financially independent (don't need government assistance) - Cornerstone of their wealth = being frugal (not cheap, but value-oriented) --> budget and spend carefully, live within their means - People who succeed have goals Do not outlive your money - ...

Depositions are a. oral questions, answered orally, asked of parties and witnesses. b. oral questions, answered orally, asked only of parties. c. written questions, answered in writing, asked of parties and witnesses. d. written questions, answered in writing, asked only of parties. - a. oral questions, answered orally, asked of parties and witnesses. Brenna confronts Noah at work as he is continually taking packets of printer paper and pens from the office supply closest for his own pers...

You need to know who might protect you if you get ripped off. Who regulates and watches all this checking account and financial transaction stuff? - The Federal Reserve Bank (aka "The Fed") You probably won't ever deal with the Federal Reserve directly. - The Fed isn't actually a bank you can walk into and deposit your paycheck. It is the central bank of the United States, created and overseen by Congress. It provides our country with a safer, more flexible and more stable monetary and...

Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? - AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financial & non-financial institution preventative measures. Transparency & beneficial ownership of legal persons & arrangements. Powers & responsibilities of competent authorities & other institutional measures. International cooperation. According to the Egmont Group, What is th...

Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch's 1, 2,3,4 and some of 11) Real Estate Brokerage (Ch. 1) A business in which real estate-related activities are performed under the authority of a licensed real estate broker Farming (Ch. 1) concentrating on one type or style of property in one particular area of neighborhood Property Transfer, Valuation & Marketing (Ch. 1) areas of expert knowledge that are required for all real estate licensees ...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

According to IRS code, licensed re agents are: - ANSWER statutory non-employees who are treated as independent contractors for tax purposes Each licensed broker shall keep and maintain records for: - ANSWER 3 years Brokers can provide ______, but salespersons are responsible for _____ incurred - ANSWER office and supplies, expenses Who issues real estate licenses - ANSWER NY State Dept of State's Division of Licensing Services associate real estate brokers - ANSWER became brokers bu...

Debby broke her leg in a car accident in 2014 and was unable to work for three months. She received an accident settlement of $13,000 from her insurance company. during this time, she received $7,500 of sick pay from her employer. In addition, she received $5,000 from the accident policy she had purchased herself. How much of this income is taxable to Debby? A. $5,000 B. $7,500 C. $12,500 D. $18,000 - Answer-B. Only Debby's sick pay is taxable as wages. Sick pay from an employer is taxab...