Most states require licensees to disclose to the principles the buyer and seller the following:
answer choices:
o an agent is required to disclose to all parties who they represent under the state disclosure law
o an agent must only disclose to the buyer who they are representing
o an agent must disclose only to the seller who they are representing
o none of the above

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?