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grandymaker [24]
2 years ago
8

Napa resident Maria Gonzales, a newly-licensed real estate broker, has just negotiated her first trust deed loan for her client,

Isaac Mahrsan. The loan's term is 5 years, and it is Isaac's first loan. Under Article 7 of the Mortgage Broker Law in California, Maria knows that certain regulations have been set forth regarding her commission in such a transaction. What is the maximum commission for loans subject to Article 7, for first loans?
Business
1 answer:
lutik1710 [3]2 years ago
7 0

Answer:

Maria's maximum commission on this loan is 10 percent of the principal of a loan, which applies to loans of 3 years or more

Explanation:

In article 7, the maximum commission for loans are subject to 10 percent of the principal of a loan of 3 years or more for first loans. Maria's client is a taking a loan for the first time.

This article is found in the mortgage broker law. In Napa California, Maria Gonzalez who is a licensed real estate broker and salespersons can act as a loan broker for her client Isaac Merhsan. This Law is under the California Business and Professions Code and it serves as a regulator for this activity.

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unemployment rate increases

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<u>Explanation:</u>

Unemployment is the situation when a person is able to work and he is also willing to work at the rate of the wage that is prevailing at that particular period of time but is still not able to find work.

Since Diane is ready to work at the wage rate that is in the market at that time and she is looking for job but still she could not find any job till now, so the rate of the unemployment will increase.

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In which category do commodities belong?
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D.neither short- nor long term investment

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Read 2 more answers
Match each barrier of communication to the situation with which it corresponds.
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Explanation:

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Part U16 is used by Mcvean Corporation to make one of its products. A total of 15,500 units of this part are produced and used e
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Answer:

Calculation of Avoidable Cost:

Direct Materials                                     $3.40

Direct Labor                                           8.00

Variable manufacturing overhead          8.50

Supervisor's salary                                  3.90

Total Avoidable Cost                              $23.8

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Loss on Sale from outside supplier (26.70-23.8)*15,500          $(44,950)

Additional Segment Margin earned                                          $27,500

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