If an Illinois real estate licensee has an ownership interest in a property being sold and has failed to informthe purchaser of such interest, the licensee A. cannot collect a sales commission on the self-owned portion.B. has acted unethically, but not illegally. C. has committed an illegal act and is subject to disciplinaryaction. D. has not erred unless the licensee ownership interest is greater than 50%.

Real estate licensees are expected to adhere to ethical standards and legal requirements when…

Answered: If an Illinois real estate licensee has…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Similar questions

Louisa, who is not a real estate license holder, owns three single-family residences, which she rents out. (She does not occupy any of the residences). Does she have to abide by the Fair Housing Act when selecting tenants? Louisa is exempt from the Fair Housing Act, although she may not use discriminatory advertising. Louisa is exempt from the Fair Housing Act under the Mrs. Murphy exemption. Louisa is not exempt from the Fair Housing Act. Louisa is not exempt under the Fair Housing Act, but she is exemptunder the Florida Residential Landlord and Tenant Act.
5. A radio station plays a commercial for Beefy's restaurant. The station created the commercial by loved Beefy's. The star didn't give permission for this commercial and has never even been to Beefy A. The radio station is guilty of appropriation B. The radio station is guilty of slandering the restaurant. C. The star is guilty of negligent misrepresentation, although not intentional misrepresentation. D. The radio station is guilty of negligence Mark for review (Will be highlighted on the review page) << Previous Question Next Su
The U.S Supreme Court requires that any condemned property must be put into use for the general public. True False
the major federal legislation in Canada that defines illegal practices, including price fixing, bid rigging, price discrimination, predatory pricing, double ticketing, resale price maintenance, bait and switch selling, and pyramid selling occurs when false or deceptive comparisons or distorted claims are made concerning a competitor's product, services, or property comprise principle and standards that guide behaviour in the world of business may be incurred when an unfair and untrue statement is made about a competitor in writing the statement becomes actionable when it is communicated to a third party and can be interpreted as damaging the company the foundation for partnering-style relationship, product, customer, and presentation strategies an attempt to influence the person receiving the "gift"prohibits joining a competing firm for a year after they leave mutual exchange of benefits, as when a firm buys products from its customer the buyer wants to do business with an institution…
Which of the following rights may a member of a limited liability company (LLC) transfer to a non-member? voting on matters of business management inspecting the records of the LLC sharing the company’s financial profits participating in management
When a party to a lawsuit for breach of contract files pleadings, they must conform to which set of rules? Multiple Choice The Rules of Civil Litigation The Federal Rules of Contracts The Federal Rules of Evidence The Rules of Civil Procedure
What type of crime is petty theft? A. Infraction B. Misdemeanor C. Capital Crime D. Felony
Brian Cleary and Rita Burke filed a suit against cigarette maker Philip Morris USA, Inc., seeking class-action status for a claim of deceptive advertising. Cleary and Burke claimed that “light” cigarettes, such as Marlboro Lights, were advertised as safer than regular cigarettes, even though the health effects are the same. They contended that the tobacco companies concealed the true nature of light cigarettes. Philip Morris correctly claimed that it was authorized by the government to advertise cigarettes, including light cigarettes. Assuming that is true, should the plaintiffs still be able to bring a deceptive advertising claim against the tobacco company? Why or why not?
Which of the following sorts of nuisance could lead to a tort claim a. Tolerable Nuisance b. Private Nuisance C. Puissance O d. Interpersonal Nuisance
Upon becoming employed by a state-licensed mortgage company, an individual who works for a depository institution as a mortgage loan originator (MLO) shall not be deamed to have tamporary suthority to act as an MLO in an application state if which of the following events has occurred? A) The individual has been a witness in a trial where the defendant was convicted of felony fraud. B) The individual has been subject to a court order for payment of child support. C) The individual had an application for an MLO license denied or an MLO license revoked or suspended in any governmental jurisdiction. D) The individual has submitted an application to be a state-licensed MLO in the application state and was registered in the NMLS as an MLO by the prior omplover
Which of the following would NOT prohibit an individual from getting a real estate license? A. conviction for DUI B. conviction for forgery C. revocation of license in another state D. inability to provide evidence of legal status
Anticipatory repudiation can occur in which of the following ways? I. A statement by one party of its intent not to perform. II. An action by the promisor that rendered performance impossible. III. Knowledge by the parties that one party may be unable to perform despite both parties' efforts. IV. After a contract has been discharged. Multiple Choice II and III. I and II. I and III. III and IV. I, II, and III.

SEE MORE QUESTIONS

Recommended textbooks for you

Principles Of Marketing

Marketing

ISBN:

9780134492513

Author:

Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:

Pearson Higher Education,

Marketing

ISBN:

9781259924040

Author:

Roger A. Kerin, Steven W. Hartley

Publisher:

McGraw-Hill Education

Foundations of Business (MindTap Course List)

Marketing

ISBN:

9781337386920

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Principles Of Marketing

Marketing

ISBN:

9780134492513

Author:

Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:

Pearson Higher Education,

Marketing

ISBN:

9781259924040

Author:

Roger A. Kerin, Steven W. Hartley

Publisher:

McGraw-Hill Education

Foundations of Business (MindTap Course List)

Marketing

ISBN:

9781337386920

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Marketing: An Introduction (13th Edition)

Marketing

ISBN:

9780134149530

Author:

Gary Armstrong, Philip Kotler

Publisher:

PEARSON

MKTG 12:STUDENT ED.-TEXT

Marketing

ISBN:

9781337407595

Author:

Lamb

Publisher:

Cengage

Contemporary Marketing

Marketing

ISBN:

9780357033777

Author:

Louis E. Boone, David L. Kurtz

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS