A Broker Is

question 60

Multiple Choice

A broker is:

• A)An agent who is authorised to sell the principal's property without being in possession of the property.
• B)An agent who is authorised to sell the principal's property while being in possession of the property.
• C)A principal who is authorised to sell the agent's property without being in possession of the property.
• D)A principal who is authorised to sell the agent's property while being in possession of the property.

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Definitions:

Commercial Matters

Issues or affairs related to commerce, trade, and business activities.

Legislation

Laws or statutes that have been enacted by a governing body to regulate, authorize, sanction, grant, declare, or restrict various actions.

Royal Assent

The formal approval by a monarch to a bill that has passed both houses of parliament, turning it into law.

Firearms

Portable weapons that launch one or more projectiles driven by rapidly expanding high-pressure gas produced chemically by combustion or other means.