Obsolescence does not relate to a:
a. neighborhood that is deteriorating.
b. property that has too few closets.
c. property that suffers from a bad architectural design.
d. property that needs to be painted.
Answer: d. property that needs to be painted.
Business
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A property manager
a. must be a real estate broker. b. is the property owner's agent. c. is the tenant's agent. d. is not an agent.
Business
A global market segment refers to ________
A) a group of customers who share similar characteristics across many national markets B) a group of customers belonging to the same generational group within a country C) a group of less-affluent customers in the global market D) a group of buyers in the international market who are largely unaffected by changes in pricing
Business