What is the result of courts and legislators limiting sellers' rights to forfeiture under land contracts?
A. More buyers are interested in entering into land contracts.
B. The simplicity of the alternative financing through land contracts may be disappearing.
C. Sellers are being freed from the complexities of traditional mortgage foreclosure.
D. The line between land contracts and mortgages is becoming more and more pronounced.
Answer: B. The simplicity of the alternative financing through land contracts may be disappearing.
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Which of the following actions by the owner would have the most positive effect on the value of their property?
A. Repairing a water leak in the roof. B. Adding a second bathroom in a four bedroom house. C. Replacing an air conditioning unit. D. Building a fence around the property.
A retailer attempting to improve its selling efficiency from 60 percent to 70 percent reduced its selling expense budget from $400,000 to $300,000 . However, its new selling efficiency was reduced to 50 percent. What happened?
a. Sales decreased from $1,000,000 to $500,000. b. Sales decreased from $1,000,000 to $600,000. c. Sales decreased from $1,000,000 to $700,000. d. Sales increased from $1,000,000 to $1,250,000.