When a broker is changing from a single agency relationship with a seller to a transaction broker, at what point in the transaction does this actually happen? At any time during a transaction, as long as the seller gives consent in writing. Only when the buyer consents in writing. At the closing. After the offer is signed.

When a broker is changing from a single agency relationship with a seller to a transaction broker, at what point in the transaction does this actually happen? At any time during a transaction, as long as the seller gives consent in writing. Only when the buyer consents in writing. At the closing. After the offer is signed.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Courts generally consider advertisements to be a: • Negotiation • Contract • Promise • Offer
4.What are the benefits the buyer and seller receive when a sale is made?
The sale or transfer of a partner's transferable interest is a(n) act of the partner. Multiple Choice involuntary state-mandated voluntary federally mandated
For which of the following sale contracts does title and risk of loss remain with the seller until the buyer accepts the goods? A sale or return A sale on approval A sale labeled as "FAS" A bulk sale
1. Analyze TWO (2) differences between express and implied terms in sale of goods.
Write a business letter based on the context below: To attract customers, your company advertised a 10 percent discount of first-time orders from November 2-8. Although the advertisement clearly stated that this special offer applies only to orders from Nov 2-8, an order arrives today (Nov 9) from a client, Mr. Kenneth B. Abellera, purchasing agent of ABC Enterprises, requesting for the 10- percent discount. As sales representative for your company, write to Mr. Abellera. Explain that you can fill the order promptly but that the 10 percent discount is no longer available. The address of ABC Enterprises is 10 Paris Road, California.
Which of the following is true of consignment arrangements? a. In consignment arrangements, the sellers earn a fee when the consigned goods are sold. b. Retailers find consignment arrangements unattractive because these result in increased investment in inventory for them. c. Goods are included in the seller's inventory under consignment arrangements.
Personal Selling consists of winning buyer's confidence for seller house. discuss ...
What are the remedies available to an unpaid seller in case of buyer's default?
Product should have exchange value and must be capable of being exchanged between seller and buyer for a mutually a. Agreed price b. Exchange Value c. Value satisfaction d. None of these.
You are a buyer's agent. Your buyer client says, "The seller must answer my offer first because it came in first!" What should you say? "You are absolutely right, buddy! I'll call the listing agent and remind them of that." "Right you are, dude! Plus, the seller has to take your offer, because it was full price. Shall we break out the champagne?" "Not so fast, friend. It's the last offer that the listing agent has to respond to first." "Sorry, pal. Offers don't need to be presented in the same order in which they are received."
Under the UCC, a firm offer only applies to