Answer:
The remaining part of the question is:
They are set by each broker individually and may be negotiable between the seller and broker.” This clause must be printed:
1. In not less than 8-point boldface type.
2. In not less than 10-point boldface type.
3. In not less than 11-point boldface type.
4. In not less than 12-point boldface type.
Correct Answer:
2. In not less than 10-point boldface type.
Explanation:
In-order to print the clause, the 10-point boldface type should be the minimum font on which the compensation clause is printed. It would make it easier to read.
The compensation clause must be printed: In not less than 10-point boldface type.
A compensation clause can be defined as an amount of money that is paid to property owners with respect to the legal seizure of their private (personal) property such as a land, especially for public use by the government. Thus, a private (personal) property owner is paid the fair market value for his or her property based on the compensation clause.
Additionally, the compensation clause is legally defined under the Takings Clause in the Fifth Amendment of the Constitution of the United States of America.
According to the California Business and Professions Code, the compensation clause must be printed in not less than 10-point boldface font type, so that is legible or readable for mortgage brokers, agents, borrowers, owners and other parties involved.
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