As an Agent for the Buyer or Seller, a Broker

question 1

Multiple Choice

As an agent for the buyer or seller, a broker has 6 basic fiduciary responsibilities. Which of the following definitions best describes the responsibility of "Obedience"?

• A) Broker must follow the instructions of the principal to the limits of what is legal and ethical
• B) Broker must keep principal informed of all changes in the financials of the negotiation
• C) Broker must not convey information about principal's financial status or motivations
• D) Broker must never subordinate the best interest of the principal to the interests of others, including himself/herself

Grasp the concept of corporate ownership and the rights and responsibilities of shareholders.

Understand the concept of ratios and their application in real-world scenarios.

Apply the concept of proportions to solve problems related to business, finance, and taxation.

Calculate investments and profit sharing in partnerships according to given ratios.

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Definitions:

Perception

Processing of sensory stimuli that occurs when the brain interprets information being received from the sensory receptors.

Thermoreceptors

Thermoreceptors are sensory receptors that detect changes in temperature, enabling the sensation of warmth or cold.

Ciliary Muscle

A ring of smooth muscle in the eye's middle layer that changes the shape of the lens for focusing.

Suspensory Ligaments

Fibrous tissues that connect the lens of the eye to the ciliary body, adjusting the lens shape for focusing.