Which of the following people works at a brokerage? Jeanine, an absentee owner, who lives in New York and hires someone to maintain her property in San Francisco Aviv, a sales associate, who markets his knowledge and specializations to potential customers Maria, an investor, who is buying different types of commercial properties Hernando, a certified appraiser who appraises federally-related transactions, such as federally related loans
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- SLO-2.3. Which of the following is an advantage of a sole proprietorship? OThe owner has unlimited liability OThe business ceases to exist when the owner dies OThere is a limit to the amount one person can borrow OProfits are taxed as individual income4 of 15 Which one of the following statements is false? The ask price is the lowest price at which a seller will sell When liquidity is low, market brokers require a larger bid-ask spread O The bid price will almost always be higher than the ask price O When bid-ask spreads are high, it suggests there are many sellers and few buyers O The bid price is the highest price a buyer will pay O When trading volumes are low the market is illiquid None of the above O All of the aboveHow can a proxy contest be used to overcome a capturedboard? (Select all of the choices that apply.) A. Proxy contests are simply contested elections for directors. In a proxy contest, there are two competing slates of directors rather than just one slate proposed by the company. B. If a board has become captured or unresponsive to shareholderdemands, shareholders can put their own slate of new directors up for election. C. If the dissident slate wins, then the CEO will have succeeded in placing new directors, presumably not beholden to the CEO, on the board. D. If the dissident slate wins, then shareholders will have succeeded in placing new directors, presumably not beholden to the CEO, on the board. E.If a board has become captured or unresponsive to shareholderdemands, the CEO can put a slate of new directors up for election.
- A sponsored licensee owns one-quarter of an investment property. The four owners want to sell the property, but the other three do not want the licensee to mention their licensee to buyers. In Illinois, which of the following is true? A. Because the licensee owns only a quarter, no disclosure is necessary B. If they list the property with the licensee’s sponsoring broker, no disclosure is necessary C. If they list the property with a different broker, no disclosure is necessary D. Disclosure of the license is required24. what is an example of controlled business a. Insurance contracts covering an agent's family members b. Insurance contract covering an agent's friends a neighbor c. noncontributory group insurance plans d. self-insured group insurance plansDuring class Professor Jenkins' discussed ethics in depth. Which of the following bodies of rules apply to accountants in tax practice: O Treasury Circular 230 O AICPA Statements on Standards for Tax Practice ("SSTS") O AICPA Code of Professional Conduct ASC Topic 740 Accounting for Income Taxes O All are applicable standards to accountants in tax practice.
- A member is entitled to receive money or other assets from the company under certain circumstances. Which of the following statements is FALSE? Group of answer choices A preferential shareholder is entitled to share in the surplus assets of the company, if any, upon the winding up of the company. Dividends are to be declared by the company provided there is sufficient profit for the dividends to be paid. As a general rule, return of capital to the members is not allowed during the life of a company. Distribution to members by the company can take the form of dividends, return of capital and a share of the company's surplus assets, if any, upon the winding up of the company.D) The title company decides which index type the ARM will use when an applicant closes the loan, and the index type generally will change after loan closing. A Loan Estimate is considered expired and is permitted to be revised by the creditor without additional justification if the consumer indicates an intent to proceed with the transaction more than: A) 1 business day after the Loan Estimate was provided. B) business days after the Loan Estimate was provided. C) 7 business days after the Loan Estimate was provided. D) 10 business days after the Loan Estimate was provided.1.) which of the following statements is incorrect about life settlement and variables A) the life insurance policy sold to a third party B) the purchase price equals all premiums paid up to the time of the sale C) the cash surrender value is always less than the purchase price D) the proceeds from the sale may be subject to taxes
- Limited benefit plans are designed to: O A. O B. O C. O D. provide additional insurance coverage for named diseases insure business owners only for all diseases protect employees for the loss of life insurance pay for unemployment ExpensesRedlining is described as: A) the practice of targeting certain communities for predatory lending. B) the practice of targeting homes in a high- priced neighborhood for refinancing. C) a lender denying loans to a neighborhood due to the low prices of the homes in that area. D) a lender denying loans to certain areas of a community, usually because of the racial characteristics of the applicant's neighborhood.Jane has just been hired as the head of the Payroll Department at R&S Electronics Service Company, a firm of 75 employees. She was hired by Eddie, the General Manager of the company, who informed her of the need for maintaining strict confidentiality regarding employee salaries and pay scales. He also informed her that he fired the previous Payroll Department head for breaking that confidentiality by discussing employees’ salaries. She was also formally introduced to Brad, the owner, who told her to see him if she has any questions or problems. Both Brad and Eddie made her feel welcome. After three months of employment, Jane begins to wonder why Greg makes so much more in commissions than the other service technicians. She assumes that he must be highly qualified and must work rapidly because she has overheard Brad commending Greg on his performance on several occasions. She has also noticed Brad, Eddie, and Greg having lunch together frequently. One day, Eddie gives Jane the stack…