Solved

Patti Sclerera Is a Broker Who Has Listed 3

Question 94

Multiple Choice

Patti Sclerera is a broker who has listed 3.3 acres of commercial property for John Symington. Patti owns the majority of the stock of a corporation, Children, Inc., that develops, manufactures and sells educational toys. Patti thinks the land would be a good location for a new factory. Patti is a member of the board of Children, Inc. and knows the board is looking for land for the factory. If Patti arranges the sale:


A) She is required to disclose her stock ownership and board membership.
B) She is only required to disclose her board membership.
C) She is only required to disclose her stock ownership.
D) She has no disclosure requirements since she is not buying the land.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents