Question

Johnson, who owns a ranch, gave Broker Otis an exclusive listing to sell the property. Johnson also advanced Otis $100 to advertise the sale of this dance in a brochure published by Otis. The real estate law requires that brokers must account for such funds by placing the 100 dollars

Answer 1

The subject of this question is Law, and it involves the requirement for brokers to account for funds in real estate transactions.

Step-by-step explanation:

The subject of this question is Law. The question pertains to the real estate law requirement for brokers to account for funds received from property owners. In this case, Johnson, the property owner, gave Broker Otis an exclusive listing to sell the property and advanced him $100 for advertising. The real estate law requires brokers to appropriately handle and account for such funds.