Business, 09.08.2021 06:40 dpchill5232

REAL ESTATE Course You are a sales assistant in a small suburban agency. Your franchise owner, 2 salespeople and
your property manager have all gone interstate for a 2 day conference. You and the
receptionist have been left to look after the office while they are away.

One of your new vendors comes into the office to pay the marketing expenses that he agreed
on the sales agency agreement. He has brought in $1750 in cash.

You do not want to make any mistakes, as you have heard that there are severe fines for not
dealing with clients' money correctly.

a) What sort of money is this?

b) Why can it not be banked into the agency's general account?

c) What are the requirements about issuing a receipt to the client?

d) What are the rules about banking this money?

e) What procedures would you put in place when taking the money to the bank to ensure its
and your own safety?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 20:20, jskdkfjf

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.

Answers: 2

continue

Business, 22.06.2019 21:40, koryn4880

Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.

Answers: 3

continue

Business, 22.06.2019 22:00, mlinares776

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells. b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities. c. two superpowers decide whether to build new weapons or to disarm. d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society

Answers: 3

continue

Business, 22.06.2019 22:10, corrineikerd

Asupermarket has been experiencing long lines during peak periods of the day. the problem is noticeably worse on certain days of the week, and the peak periods are sometimes different according to the day of the week. there are usually enough workers on the job to open all cash registers. the problem is knowing when to call some of the workers stocking shelves up to the front to work the checkout counters. how might decision models the supermarket? what data would be needed to develop these models?

Answers: 2

continue

You know the right answer?

REAL ESTATE Course You are a sales assistant in a small suburban agency. Your franchise owner, 2 sa...