Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the position if a letting agent carries on a letting agency without being in possession of a fidelity fund certificate? Which statement(s) is/are

image text in transcribed

image text in transcribed

What is the position if a letting agent carries on a letting agency without being in possession of a fidelity fund certificate? Which statement(s) is/are correct? The letting agent ... (i) is guilty of a criminal offence. (ii) may continue with business provided lessors and lessees are aware of the fact that the agent does not have a fidelity fund certificate. (iii) may not receive any commission on any transaction negotiated by him or her as an estate agent, until the requirements relating to fidelity fund certificates have been complied with. Select one: A. (i) only B. (i) and (iii) only C. (iii) only D. (ii) only Which statement(s) is/are correct? The letting agent ... (i) is guilty of a criminal offence. (ii) may continue with business provided lessors and lessees are aware of the fact that the agent does not have a fidelity fund certificate. (iii) may not receive any commission on any transaction negotiated by him or her as an estate agent, until the requirements relating to fidelity fund certificates have been complied with. Select one: A. (i) only B. (i) and (iii) only C. (iii) only D. (ii) only E. (i), (ii) and (iii)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computational Finance And Its Applications

Authors: C. A. Brebbia, M. Costantino

1st Edition

1853127094, 978-1853127090

More Books

Students also viewed these Finance questions