9. A real estate broker listed a home for a seller for $100,000. Later that same day, a buyer come into the broker's office and asks for general nfo: mation about homes for sale in the $90,000 m $120,000 price range. At this point, A. both the seller and the buyer are the brokri comes customers. B. both the seller and the buyer are the brokeri clients. C. the seller is the broker's client; the buyer s the broker's customer. D. the broker is a dual agent.
9. A real estate broker listed a home for a seller for $100,000. Later that same day, a buyer come into the broker's office and asks for general nfo: mation about homes for sale in the $90,000 m $120,000 price range. At this point, A. both the seller and the buyer are the brokri comes customers. B. both the seller and the buyer are the brokeri clients. C. the seller is the broker's client; the buyer s the broker's customer. D. the broker is a dual agent.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
C7. Number 9.
Transcribed Image Text:has an
escrow account. The broker is guilty of
9. A real estate broker listed a home for a seller for
B. violation of fiduciary obligations.
A. dual agency.
commingling.
D. misrepresentation.
a
$100,000. Later that same day, a
into the broker's office and asks for general inf
mation about homes for sale in the $90,000 m
$120,000 price range. At this point,
A. both the seller and the buyer are the brokri
buyer
comes
to
customers.
AB. both the seller and the buyer are the brokri
clients.
C. the seller is the broker's client; the buyer is
the broker's customer.
D. the broker is a dual agent.
Expert Solution
Step 1: Introduction
Broker is a person who is dealing with the seller and buyers of the property to consider a transaction. He will work as an intermediary for both the parties to check on the properties for buyer or check on buyers for the sellers to sell them.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education