Question: If an agent is going to receive an extra profit from a third party as a result of a real estate transaction, the agent must:

If an agent is going to receive an extra profit from a third party as a result of a real estate transaction, the agent must:
Group of answer choices
Have a written agreement with the third party
Disclose the extra profit to his or her principal
Inform the government of the extra profit
Have the extra profit approved but the DRE

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

A political consulting firm wants to determine the characteristics of voters when it comes to issues involving alternative energy. The researchers recruit a group of participants and randomly assign...

Q:

f an agent is going to receive an extra profit from a third party as a result of a real estate transaction, the agent must: Group of answer choices Have a written agreement with the third party...

Q:

Licensee Lee is working with a party of a real estate transaction in a no broker relationship role. In this role, Lee owes certain duties to the customer. Which is NOT one? (a) Dealing honestly and...

Q:

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

It is permissible for a real estate agent to Group of answer choices disclose to a buyer that the seller will accept a price less than the asking price if the agent represents the buyer. disburse...

Q:

Last Lecture - In the last lecture, we covered selected materials on contract law in Chapter 13 (\"Practical Contracts\"] and Chapter 14 (\"Sales"] We discussed when parties should want their...

Q:

I need help with these questions please. I am not sure if these are correct or not. Please help Which of the following clients has the GREATEST need for estate planning based on the information...

Q:

answer this question useing Emaar information: 1. Briefly explain the different types of investment companies make in the securities of other companies. 2. Locate a recent annual report of a public...

Q:

I am doing tax return project. attachments are the materials professor provide. He wants me to do a current year engagement file (Similar with prior year engagement file). AC 371 Tax Return Project...

Q:

The AMB Consolidation On August 13, 1997, Anne Shea of the Curators' Fund (the Fund) sat in her office overlooking downtown Kansas City, knowing she had to decide her position on the proposed...

Q:

Side Agreements Business Law Individual Assignment I. Introduction The Commercial Companies Law of the United Arab Emirates (Federal Law No. 8 of 1984, as amended) provides for seven types of...

Q:

A alpha source gives off alpha particles each with a kinetic energy of 2.78 MeV. At what rate (in watts) is kinetic energy being produced?

Q:

. Task 2: Thomas decided to take on an assistant to help him with customer service and marketing. Thomas employed his assistant, whose name is James, at the start of the 2020/21. Thomas has allowed...

Q:

Which of the following is a reason for diminishing liquidity in modern corporations? Multiple Choice 2 3 8 . 5 4 Lower utilization of cash via computers. Low interest rates. Inflation pushes more...

Q:

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Sales: Mar. 10 790 gals @ $ 9.15 Mar. 5 590 gals Mar. 16...