Principal agent problem Study guides, Class notes & Summaries
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Property Management Exam 1 Questions and Answers | 100% Correct | Latest Update 2024
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Property Management Exam 1 Questions and Answers 
| 100% Correct | Latest Update 2024 
4 special residential property types - Answer ️️ -affordable housing 
condo 
single family housing 
student housing 
affordable housing - Answer ️️ -when the government provides subsidies to make housing 
more affordable; government rent controlled vouchers and tax credit properties are examples 
challenges of affordable housing - Answer ️️ -may compete with market rate housing 
paperwork is extens...
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ETH/321 week 3 apply, Week 3 Apply Assignment Correctly Answered Questions| UpToDate | Already Graded A+
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Alfonso prefers only to hire Latino workers his auto body shop because they "fit in" 
easier with his 12 employees. During a busy season, Alfonso hires three extra workers 
to help keep up with business, then lets them go when the busy season is over. Which 
true statement best suits this situation? ("Discriminate" in this context means to make 
an employment decision about employees based on the characteristics described in the 
text.) 
: Alfonso may not discriminate, subject to time l...
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NJ real estate salesperson exam latest 2023 graded A+
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NJ real estate salesperson exam latest 2023 graded A+ assignment transfer of interest in a contract to a third party 
bilateral contract contract with a promise by each party 
breach of contract violation of a contract 
competent parties those legally qualified to enter into contracts 
consideration something of value given in exchange 
contingency certain happening on which a contract depends 
contract agreement between two parties to perform some legal act 
counteroffer offer returned to buyer...
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Civil Service practice for Louisiana state Exam 150 Questions with Verified Answers,100% CORRECT
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Civil Service practice for Louisiana state Exam 150 Questions with Verified Answers 
 
Which of the following statements is true regarding Purchase Agreements? 
Select one: 
 
a. 
They must have a definite expiration date. 
 
b. 
They do not have to have an expiration date. 
 
c. 
A copy must be filed with the Real Estate Commission. 
 
d. 
A copy must be retained by the broker for 10 years. - CORRECT ANSWER They must have a definite expiration date. 
 
Under what conditions may a person or comp...
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Post Licensing Class 2 Broker Relationships and Responsibilities Exam Questions And Answers 100% Verified
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nts representing principals with adverse interest to 
obtain the "informed consent" ofboth principals. 
Problem with unintended dual agency typically arises where agents acting as sellers' subagents 
create by their conduct an implied agency relationship with buyers and acts in the buyers' 
interest, to the detriment of sellers. 
Common law of agency - answerbody of law that governs the relationship between client and 
agent. 
-any violation of the laws of agency are a violation of NCREL. 
F...
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TEXAS REAL ESTATE LAW OF AGENCY - CHAMPIONS SCHOOL OF REAL ESTATE|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS
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Customer 
A person who received limited brokerage services without establishing an agency relationship 
 
 
 
Agency 
A relationship between two parties 
 
 
 
Texas Real Estate License Act (TRELA) 
Makes it illegal to practice any act of real estate brokerage without a license. To protect the public from unscrupulous brokers and sales agents. 
 
 
 
Agent 
Acts for and on behalf of another person (the principal) 
 
 
 
The Principal 
Who must the agent always remain loyal (beneficial) to? 
The ...
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Economics Edexcel A Level Paper 1 Definitions Exam 2024 Questions & Answers 100% Correct
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Principal-agent Problem - ANSWERSPrincipal (Shareholders) has different objectives to Agent (Manager) but the Agent is inclined to act in order to achieve their own objectives. 
 
Public sector organisation - ANSWERSWhen the government has control over the Business 
 
Private sector organisation - ANSWERSFirms are led by private individuals and left to the free market to dictate 
 
Profit organisation - ANSWERSA profit organisation aims to maximise the financial benefits of its shareholders and ...
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Alabama Real Estate Exam - Questions I've Struggled With Verified Answers
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Alabama Real Estate Exam - Questions I've Struggled With Verified Answers 
A ___________ agency is created when a broker designates another real estate agent in the same office 
to represent either a buyer or a seller because they cannot fully represent both parties being a dual 
agency. designated agency 
A _________ agency gives the agent authority to do one specific thing on the principal's behalf. 
special or specific 
A _________ agency gives the agent the authority to do several ac...
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Colorado Practice Test for PSI Questions and Answers 100% Pass
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Colorado Practice Test for PSI 
Questions and Answers 100% Pass 
The brokerage firm owns the listing contract and has designated a broker to represent 
the seller. In this case, the designated broker: 
A. performs the services and represents the seller. 
B. is an employing broker, both represent the seller. 
C. is not supervised by the employing broker. 
D. will be an agent of the buyer. - Correct Answer ️️ -performs the services and 
represents the seller. 
Only a designated broker has an a...
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NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions
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NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions 
 
Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. 
Insurance Premiums 
What is overage rent? 
Rent calculated on a percentage of sales volume 
what is the amount a buyer owes at closing equal to? 
The excess of the buyers debits over the buyers credits 
real estate agents are typically what kind of agent 
special agent 
what is the em...
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