Principal agent problem Study guides, Class notes & Summaries

Seller Deangelo agreed to mediate the radon gas problem in his basement within 31 days. It has been 31 days and he still has not addressed the issue. What is the current status of the sales contract? (Ans – It is not affected and is in force. The buyer must now address the problem within 31 days. Deangelo will now receive $5,000 less from the buyer. +Deangelo has defaulted on the contract. What powdery mineral is a health hazard when airborne? (Ans – Mercury Radon +Asbestos Uran...

Alfonso prefers only to hire Latino workers his auto body shop because they "fit in" easier with his 12 employees. During a busy season, Alfonso hires three extra workers to help keep up with business, then lets them go when the busy season is over. Which true statement best suits this situation? ("Discriminate" in this context means to make an employment decision about employees based on the characteristics described in the text.) : Alfonso may not discriminate, subject to time l...

Property Management Exam 1 Questions and Answers | 100% Correct | Latest Update 2024 4 special residential property types - Answer ️️ -affordable housing condo single family housing student housing affordable housing - Answer ️️ -when the government provides subsidies to make housing more affordable; government rent controlled vouchers and tax credit properties are examples challenges of affordable housing - Answer ️️ -may compete with market rate housing paperwork is extens...

Civil Service practice for Louisiana state Exam 150 Questions with Verified Answers Which of the following statements is true regarding Purchase Agreements? Select one: a. They must have a definite expiration date. b. They do not have to have an expiration date. c. A copy must be filed with the Real Estate Commission. d. A copy must be retained by the broker for 10 years. - CORRECT ANSWER They must have a definite expiration date. Under what conditions may a person or comp...

ETH/321 week 3 apply, Week 3 Apply Assignment Alfonso prefers only to hire Latino workers his auto body shop because they "fit in" easier with his 12 employees. During a busy season, Alfonso hires three extra workers to help keep up with business, then lets them go when the busy season is over. Which true statement best suits this situation? ("Discriminate" in this context means to make an employment decision about employees based on the characteristics described in the text.) -Answer-...

Principal-agent Problem - ANSWERSPrincipal (Shareholders) has different objectives to Agent (Manager) but the Agent is inclined to act in order to achieve their own objectives. Public sector organisation - ANSWERSWhen the government has control over the Business Private sector organisation - ANSWERSFirms are led by private individuals and left to the free market to dictate Profit organisation - ANSWERSA profit organisation aims to maximise the financial benefits of its shareholders and ...

NJ real estate salesperson exam latest 2023 graded A+ assignment transfer of interest in a contract to a third party bilateral contract contract with a promise by each party breach of contract violation of a contract competent parties those legally qualified to enter into contracts consideration something of value given in exchange contingency certain happening on which a contract depends contract agreement between two parties to perform some legal act counteroffer offer returned to buyer...

nts representing principals with adverse interest to obtain the "informed consent" ofboth principals. Problem with unintended dual agency typically arises where agents acting as sellers' subagents create by their conduct an implied agency relationship with buyers and acts in the buyers' interest, to the detriment of sellers. Common law of agency - answerbody of law that governs the relationship between client and agent. -any violation of the laws of agency are a violation of NCREL. F...

Colorado Practice Test for PSI Questions and Answers 100% Pass The brokerage firm owns the listing contract and has designated a broker to represent the seller. In this case, the designated broker: A. performs the services and represents the seller. B. is an employing broker, both represent the seller. C. is not supervised by the employing broker. D. will be an agent of the buyer. - Correct Answer ️️ -performs the services and represents the seller. Only a designated broker has an a...

Customer A person who received limited brokerage services without establishing an agency relationship Agency A relationship between two parties Texas Real Estate License Act (TRELA) Makes it illegal to practice any act of real estate brokerage without a license. To protect the public from unscrupulous brokers and sales agents. Agent Acts for and on behalf of another person (the principal) The Principal Who must the agent always remain loyal (beneficial) to? The ...