Which of the following is an accurate description of how a salesperson's words and actions can establish a fiduciary relationship even if there is no written agreement? Select one answer. A salesperson has an initial appointment with a seller and, upon completion of the presentation, the salesperson talks to the seller about the remuneration payable based on different types of services. A salesperson prepares an offer for a buyer and gives therm advice on price and negotiating strategies for their offer before discussing their service options. A salesperson meets a buyer in their office and, after a discussion about the different types of services that they can provide, the buyer acknowledges the pamphlet about service options. A salesperson shows a property to a buyer who asks questions about it; the salesperson gives the listing information to the buyer and tells them that it will be a good start for their research. Which of the following is an accurate statement regarding the requirement for reporting income tax associated with an accessory dwelling unit? Select one answer. All income from an accessory dwelling unit is taxable i except in the first year after the unit is built or renovated. All income from an accessory dwelling should be declared in the owner's tax return, but only 50% is Taxable. If the accessory dwelling unit comprises 50% of the area of the building the owner can deduct 50% of the expenses from the rental income. if the owner is occupying the accessory dwelling unit and renting out the primary dwelling unit the rent from the accessory dwelling unit is not taxable.
Which of the following is an accurate description of how a salesperson's words and actions can establish a fiduciary relationship even if there is no written agreement? Select one answer. A salesperson has an initial appointment with a seller and, upon completion of the presentation, the salesperson talks to the seller about the remuneration payable based on different types of services. A salesperson prepares an offer for a buyer and gives therm advice on price and negotiating strategies for their offer before discussing their service options. A salesperson meets a buyer in their office and, after a discussion about the different types of services that they can provide, the buyer acknowledges the pamphlet about service options. A salesperson shows a property to a buyer who asks questions about it; the salesperson gives the listing information to the buyer and tells them that it will be a good start for their research. Which of the following is an accurate statement regarding the requirement for reporting income tax associated with an accessory dwelling unit? Select one answer. All income from an accessory dwelling unit is taxable i except in the first year after the unit is built or renovated. All income from an accessory dwelling should be declared in the owner's tax return, but only 50% is Taxable. If the accessory dwelling unit comprises 50% of the area of the building the owner can deduct 50% of the expenses from the rental income. if the owner is occupying the accessory dwelling unit and renting out the primary dwelling unit the rent from the accessory dwelling unit is not taxable.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Which of the following is an accurate description of how a salesperson's words and actions can establish a fiduciary relationship
even if there is no written agreement?
Select one answer.
A salesperson has an initial appointment with a seller and,
upon completion of the presentation, the salesperson talks
to the seller about the remuneration payable based on
different types of services.
A salesperson prepares an offer for a buyer and gives therm
advice on price and negotiating strategies for their offer
before discussing their service options.
A salesperson meets a buyer in their office and, after a
discussion about the different types of services that they
can provide, the buyer acknowledges the pamphlet about
service options.
A salesperson shows a property to a buyer who asks
questions about it; the salesperson gives the listing
information to the buyer and tells them that it will be a
good start for their research.
Transcribed Image Text:Which of the following is an accurate statement regarding the requirement for reporting income tax associated with an
accessory dwelling unit?
Select one answer.
All income from an accessory dwelling unit is taxable i
except in the first year after the unit is built or renovated.
All income from an accessory dwelling should be declared
in the owner's tax return, but only 50% is Taxable.
If the accessory dwelling unit comprises 50% of the area of
the building the owner can deduct 50% of the expenses
from the rental income.
if the owner is occupying the accessory dwelling unit and
renting out the primary dwelling unit the rent from the
accessory dwelling unit is not taxable.
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