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A. Predictive value. Ashley has a JD degree and is an attorney. The fee will still cost the home buyer with the lower credit score more. Set a price that allows profit maximization b. Which of the following is NOT an accurate statement about the Utilitarian ethical theory? 4 Identify the statement that does not correctly present the fiduciary relationship that is said to exist between managerial employees and employers: A) Managers have special expertise that owners must rely on, so they are given wider responsibilities . Note that both principals and agents can be individuals or can be business entities. What kinds of agency problems may arise and how are they resolved? The answer is PRESENT BOTH OFFERS, EXPLAINING THE DETAILS OF EACH CONTRACT TO THE SELLER. Referring to institutional theory as your theoretical basis, explain why an organization might voluntarily elect to make particular financial disclosures. And even those with higher credit scores will pay less once the new plan takes effect. It is a fundamental concept that helps distinguish the important from the tr. The relationship between the principal and the agent is called the "agency," and the law of agency establishes guidelines for such a relationship. Discover principal agent theory. Additionally, the new plan makes it easier for those with a poorer credit score (639 or below) to buy homes, even with a down payment of 5% or lower. Which brokerage relationship duty applies to all three types of brokerage relationships? Learn the definitions of agency theory, agent, and principal. Explain how monitoring cost, bonding cost and residual cost arise in agency relationship. economists measure the benefit you get from something by _______. How is this concept appropriate for manufacturing and service companies? The buyer and seller must sign the disclosure notice stating that their assets meet the threshold and requesting that the broker use the designated sales associate form of representation. Explore principal-agent problems, solutions, and examples. Chapter 4_Brokerage Relationships and Ethics Quizzes - Chegg FHFA Announces Targeted Pricing Changes to Enterprise Pricing Framework | Federal Housing Finance Agency. This means that the principal accepted and recognized an invalid act of agency. Which of the following is a correct statement? When a real estate broker accepts employment as a single agent of the buyer or the seller, the broker enters into a fiduciary relationship. a. c. The, Which of the following terms means knowing how a business is run and how it is influenced by external forces, and knowing and understanding the overall industry? "The Biden administration raises mortgage payments for good credit & higher down payment homebuyers starting May 1st, in order to foot the bill for high-risk mortgage borrowers with lower credit scores & lower down payments,"claimed one tweet. Karine Jean-Pierre | 1.6K views, 59 likes, 3 loves, 75 comments, 8 shares, Facebook Watch Videos from RT: Press briefing by White House Press Secretary. See Fannie Mae'sLoan-Level Price Adjustment Matrixfor a breakdown of real-world pricing scenarios across a range of credit scores and other factors.