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
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Question
- Why are sellers willing to pay a commission to a broker to facilitate the sale of their property?
- Take one of the 6 fiduciary responsibilities (COALDS). Explain how a breach of this responsibility (the agent not following it) could harm the principal in a real estate transaction.
- Why would a buyer want to have a contract with a real estate brokerage? What benefits would there be?
- Find a local real estate agency/brokerage and explore their website. Explain one thing you found that relates to what we learned in Chapter 12.
- What are some of the elements of a listing agreement? Why are these included?
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