Choose the One Most Appropriate Answer for Each

question 61

Multiple Choice

Choose the one most appropriate answer for each.
-a listing that covers only out-of-pocket costs incurred by the broker

• A)abandonment
• B)advance fee listing
• C)advanced cost listing
• D)agent
• E)bargain broker
• F)broker
• G)buyer's broker
• H)discount broker
• I)employment contract
• J)exclusive agency listing
• K)exclusive authority to purchase
• L)exclusive right to sell
• M)flat-fee broker
• N)Multiple listing service (MLS)
• O)net listing
• P)open listing
• Q)procuring cause
• R)ready willing and able buyer
• S)real estate listing
• T)REBAC

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them certain rights and interests in the company.

Double Taxation

A situation where the same income is taxed twice, often referring to corporate profits taxed at both the company and shareholder levels when dividends are distributed.

Disadvantage

An unfavorable condition or circumstance that reduces one's ability to achieve or accomplish something.

Corporate Form

A legal entity status that allows a group to operate as a single entity recognized by law, typically providing limited liability to its owners.