I put an offer on a short sale home in April 2010, signed contract and gave $1,000 deposit. While awaiting response from bank, the realtor rented the home and subsequently was damaged. The realtor told me he was going to rent in May 2010 and not collect money, but have the renters make repairs. However, rent was collected and the home is missing appliances and needs many costly repairs when I flew doen to see the home in October 2010. Can the realtor rent after a signed contract? Just wondering…I plan to file as many complaints with this realtor as I can. This occured in Leesburg, FL

my peers are 100% correct; what seems grossly unfair to you is not relevant. There is a huge difference between unfair and
illegal. IT is not illegal.

find a BUYER"s agent; never ever use a seller’s agent to
help you do anything.

[dual agents [seller agent also rep'ing the buyer] are not permitted by law, [most all people do not
know this] to negotiate a good price for a buyer]

30.) What did America experience in the 1920′s?
An economic boom
An economic bust
A long bull market
A long bear market
31.) October 24, 1929, the day when 13 million shares were sold is now known as:
Black Monday
Black Tuesday
Black Thursday
Black Friday
32.) In America, during the _____, the number of workers providing services grew until it equaled and then surpassed the number who produced goods.
1930s
1950s
1970s
1990s
33.) Stagflation is a situation in which a nation’s economy is characterized by relatively:
high price inflation and low rates of economic growth.
low price inflation and high rates of unemployment.
high rates of economic growth and low price inflation.
low unemployment rates and high rates of economic growth.
34.) Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who:
have the biggest economic advantage.
invest their labor for production.
have the most education.
are elected to office by the public.
35.) In a typical ________ arrangement, a successful company authorizes an individual or small group of entrepreneurs to use its name and products in exchange for a percentage of the sales revenue.
wholesale
franchising
marketing
corporate
36.) Which of the following does not form a true statement by correctly completing the sentence?
Large businesses are important to the overall economy because they are better equipped to:

conduct research and develop new goods.
offer more varied job opportunities and greater job stability.
offer higher wages and better health and retirement benefits.
provide the goods and services wanted by the surrounding community.
37.) In general, government antitrust officials see a threat of monopoly power when a company gains control of ________ of the market for a commodity or service.
25%
30%
66.6%
90%
38.) Which of the following is not one of the roles of the Environmental Protection Agency (EPA)?
sets and enforces tolerable limits of pollution
cleans up polluted streams, rivers, and marshes
establishes timetables to bring polluters into line with standards
has the authority to coordinate and support research and anti-pollution efforts
39.) Which of the following are not practiced market strategies?
Buying on margin
Selling short
Selling long
Options
40.) ________ is an economic policy or doctrine that opposes government interference in or regulation of business or commerce beyond what is necessary for a free-enterprise system to regulate itself.
Communism
Laissez-faire
Fiscal policy
Free-enterprise policy
41.) Which of the following is not a method that corporations use to raise capital?
issuing bonds or preferred stock
selling common stock
borrowing and using profits
selling goods and services directly to the public
42.) Monetary base is defined as:
currency in circulation.
currency in circulation plus foreign debts owed.
currency in circulation plus banks’ required and excess deposits at the central bank.
bank’s required and excess deposits at the central bank.
43.) A policy is referred to as _______ if it reduces the size of the money supply or raises the interest rate. An _______ policy increases the size of the money supply, or decreases the interest rate.
contractionary, expansionary
expansionary, contractionary
fiscal, monetary
monetary, fiscal
44.) Governments spend money on a wide variety of things. Which of the following is not a way in which these expenditures can be funded?
Taxation of the population
Seignorage, the benefit from printing money
Borrowing money from another country, resulting in a foreign deficit
Borrowing money from the population, resulting in a fiscal deficit
45.) When products become more expensive over time, ______ is occurring.
deflation
inflation
stagflation
none of the above
46.) A(n) _____ is an economic disadvantage, such as lower efficiency or higher costs.
diseconomy
noneconomy
net loss
unexpected loss
47.) Keynesian economics is an economic theory based on the ideas of 20th century British economist John Maynard Keynes. Keynesian economics promotes a ________, where both the state and the private sector play an important role.
fixed economy
mixed economy
socialist economy
communist economy
48.) Because economics is a study of ______, it deals with incentives and their consequences.
cause and effect
profits and losses
wealth and social status
money and will power
49.) In 1652, the _______ became the first American colony to make coins.
Roanoke Colony
Plymouth Colony
Massachusetts

a c d b d
a b d c a
c d b a c
d b c a

my question is under the white wash sale rule, if a fewer number of shares of stock are acquired within the relevant time period were disposed of, a portion of the loss on the sale is allowed. is this true or fule

I think you are talking about the "wash sale" rule. I’m not a tax accountant, but I can give you my understanding of that rule based on my own personal experience with reporting wash sales.

If you sell 300 shares of XYZ at a loss, then buy 100 back within 30 days, the loss on the 200 that you did not replace would be deductible. The loss on the 100 that you did replace would be added to the basis of the replacement shares.

Hi,

Thanks for the time in answering my question.
We (me and my spouse) purchased a home on Nov. 2004 for about $380,000.
We used one line of credit and again we consolidated the lone about a year after and then again we used some more line of credit later and we ended up in having around $450,000 first lone +$50,000 line of credit on the home. Both loans have been with WAMU.
Unfortunately we had to short-sale the home on 2008 for some where around $350,000. Now WAMU sent us 1099 and now our tax man states that we need to pay $31,000 tax. However our realtor states that we shouldn’t pay anything because of recent rules. I would appreciate if you would tell us if we should pay tax or not.

Thanks,
Simon

Rely on your real estate agent for real estate advice (although if he was involved in your mortgage situation maybe not…..).

Rely on your tax man for tax advice. He is correct.

i plan to list my condo in florida for a short sale…contacted a realtor and he wants to charge me a $249 "short sale processing fee" at closing…i was under the impression that the bank paid for all the fees.

Please and thank you.

You should call the local real estate board as well as the real estate broker this real estate agent work for to find out if this is a common practice in your area for real estate agents to charge a Short Sale Processing Fee.

It appears as if it is another way to add fees to get additional funds or fees in to the real estate agent’s pockets.

Normally the lender would want the condo listed for sale by a real estate agent prior to you applying for a short sale. Also the lender would want you to have the assistance of a real estate in completing the short sale packet.

I have never heard of a short sale processing fee. The real estate agent would get a commission once the property is sold.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"