A Broker Operating Under A(n)________ Contract Is Entitled to a Commission

question 48

Multiple Choice

A broker operating under a(n) ________ contract is entitled to a commission only if he was the first to find a ready,willing,and able buyer.

• A)open listing
• B)exclusive right to sell
• C)exclusive agency listing
• D)exclusive right

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Definitions:

Annual Interest Rate

The percentage increase in money owed per year, including the effect of compounding.

Annual Interest Rate

The percentage of a sum of money charged for its use over a year.

Investment

The action of allocating resources, usually money, into something to earn income or profit.

Venture Capital Fund

A pooled investment fund that focuses primarily on investing in high-growth start-up companies.