The Services of Real Estate Brokers Are Provided in a Competitive

question 51

Multiple Choice

The services of real estate brokers are provided in a competitive market.If the state Board of Realtors enacts several requirements that limit the number of real estate brokers,then social welfare will most likely

• A) not change, but there will be a transfer from consumer to producer.
• B) not change, but there will be a transfer from producer to consumer.
• C) decrease, although producers are made better off.
• D) decrease, although consumers are made better off.

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Definitions:

Debt Issue

The act of a company raising money through the sale of bonds or other fixed-income securities.

Tax Rate

The percentage at which an individual or corporation is taxed. The tax rate may vary based on income level, type of income, or other factors.

IOS

Stands for Input/Output System or alternatively, iOS, Apple Inc.'s mobile operating system used for its iPhones and iPads, depending on context.

IRRs

The Internal Rate of Return is a financial measurement utilized to assess the projected profitability of future investments.