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Discuss the issues raised in the following hypothetical situations based on information learned in the textbook. A real estate licensee must treat customers fairly. Customers are entitled to know material information about property that affects its value such as defects in the premises, title problems and boundary encroachments. Clients are entitled to all this information and the licensee's opinion regarding market value, assistance in marketing the home and negotiation strategy. Clients are entitled to loyalty, confidentiality and obedience as well as other duties previously discussed. Agents should not engage in fraud in discharging their duty to clients however. Customers are to be treated fairly but not equally.
Aron has an appointment to show 83 acres of rural property he listed to a potential buyer. In discussing his appointment with another licensee in his office he learns that the property adjacent to the listed property had a test on their well water six months ago which showed the water unsafe to drink.
1. Does Aron have to reveal the existence of the test to the buyer? Does he have to reveal it to the seller who listed it with him? How should he advise the seller?
Discuss how you would manage a poor forecast. That is, you either overestimated or underestimated the actual sales number. Which situation would be worse? Explain.
what is the probability that the sample proportion p will be within +-0.02 of the population proportion Pi?
With regard to each of the following cases, first discuss what morality requires and then what self-interest requires. Is the answer the same or different? Bill, a process engineer, learns from a former classmate who is now a regional compliance offi..
What do you think of using small area studies based on large Medicare databases to identify outliers like the cardiology treatment in Elyria, Ohio? How would the findings of the COURAGE study affect your strategy as an Ohio insurer? What are the pote..
What is the impact of the government privatizing publicly owned refineries in Venezuela and the impact on the MNC such as Exxon/Mobil.
Which of the following are examples of critical success factors? (Check all that apply)
To many people, high quality is synonymous with high price, compare a Toyota Corolla and a Rolls Royce and discuss the relative quality of each. How can a university control the quality of its output (graduates)?
Regarding the length of questionnaires to be used in survey research, which of the following statements is most accurate? Including a large number of items on the survey assures that you will get useful data for all of your trouble. Keeping the surve..
Under the objective theory of contract, the intention to enter into a contact is judged by outward, objective facts as interpreted by a reasonable person.
What are the factors a manager must consider when attempting to lead a team that includes members from other cultures
The company is a manufacturing firm with annual earnings in excess of $350 million.
Calculate the new compa-ratio for this individual after receiving the 7% pay increase. Calculate the new midpoint, minimum, and maximum as of January 1, 2014.
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