Multiple Choice
Which of the following statements is (are) TRUE of selling agents in residential real estate transactions?
A) Because agents are paid on commission, there is no principal-agent problem.
B) Agents have an incentive to sell quickly, without waiting for slightly higher offers.
C) If an agent sells an owner's home for an additional $20,000, the agent stands to gain more than the owner.
D) Owners know more than agents about the state of the real estate market and the value of comparable homes.
Correct Answer:
Verified
Correct Answer:
Verified
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