Principal agent conflict - Study guides, Class notes & Summaries

AUE2602 ASSIGNMENT 1 PREP 2024 SEMESTER 2 1.1 Background of Corporate Governance in South Africa INTRODUCTION The Industrial Revolution began in Britain in the 18th century from 1760 to 1840 and from there spread to other parts of the world ( Industrial Revolution businesses grew from entities owned and managed by the same person into large organisations in which the owners (shareholders) and management (executive directors) were separate parties. Currently in most countries, the shar...

a licensed real estate broker has been hired by a lender to appraise a home for a buyer. who has applied for an FHA loan. Which statement is TRUE regarding this situation? A. the broker may not charge for this assignment B. the broker's license entitles him to appraise this property C. the broker is required to be a state-certified appraiser to perform this appraisal assignment D. the broker may not accept this appraisal assignment because to do so is a conflict of interest - C. the broke...

Management, Leadership, Followership, and Mentorship - •Managers •Planning, organizing, commanding, coordinating, and controlling •Leaders •Managers vs. leaders •Followers •Upward influence •Effective followers can also influence change •Mentors •Supportive relationships Nursing leadership - "Nursing leadership is about the competent and engaged practice of nurses, who provide exemplary care, think critically and independently, inform their practice with evidence, d...

Auditing a systematic approach of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users. audit risk the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated. What is the principal-agent problem? The conflict in priorities between the two could ...

Can you fill out forms on behalf of a buyer when you are employed by the seller? - Answer-yes, you can because you are helping the sale go through. but you can't give them any discretionary advice or judgment calls. you cant give them confidential advice you cant also represent them ELEMENTS OF REPRESENTATION RELATIONSHIPS - Answer-Creation of Law Consensual Controlled by Principal: Usually Involves Fiduciary Duties: Affects Principal's Legal Position Is a real estate agent allowed t...

Which of the following is a duty owed ONLY to a client? A:Objective presentation of contract proposals B:Loyally represents interests C:Safeguard trust funds D:Disclose material adverse facts : Loyally represents interests The duties owed to a CLIENT include: Loyally represent the client's interest, provide information and advice on matters that are material to the client's transaction, disclose all material information, fulfill any obligation required by the agency agreement that is...

The principal is also known as - Answer-client fiduciary relationship - Answer-a relationship founded on trust and confidence Agency Relationship - Answer-Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal - Answer-is the one who hires and gives authority to the agent Texas Real Estate License Act TRELA - Answer-Was passed 1939. The purpose is to protect the public against unscrupulous brokers and sales agents. Texas Real Estate Comm...

New York Real Estate Exam Prep Questions and Answers The situation with the most potential for conflict is when a real estate licensee acts as a: -Dual Agent -Buyers Broker -Sellers Agent -Transaction Broker - Answer ️️ --Dual Agent A seller has listed her home with a broker for $90,000, and the broker tells a prospective buyer to submit a low offer because the seller is desperate to sell. The buyer offers $85,000 and the seller accepts it. In this situations: -The broker has viola...

Five Reasons for Growth of Sports Agent Industry correct answers 1. Demise of the reserve clause in player contracts during the 1970's 2. Competition from Rival Leagues 3. Player Union Strength INCREASE 4. TAX planning was needed 5. Additional Sources of Revenue Who is an agent? correct answers Anyone who has a client Is Law school required to be an agent? correct answers Anyone who has a client What are runners? correct answers non-agent consultants or employees who work for ag...

Which of the following situations would present a conflict of interest that an adviser must disclose to clients to avoid unlawful and deceitful behavior under the Investment Advisers Act of 1940? A. The adviser receives compensation from the issuer of securities that he recommends to his clients. B. The adviser has a non-securities-related loan from a large commercial bank where one of his clients is a vice president. C. The adviser owns real estate that is unrelated to his investment advis...