The income approach of appraisal is inappropriate when appraising:
a. office properties.
b. residences in an owner-occupied subdivision.
c. industrial buildings under a long-term lease.
d. shopping malls.
Answer: b. residences in an owner-occupied subdivision.
Business
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Carr has an option to buy a property. If the option right has not been exercised within the stated time period, what action would Carr need to take to terminate the option?
A. Sign a quit claim deed. B. Sign a sames contract. C. Nothing, as the option automatically expired. D. File a lis pendens.
Business
During a purchase process, a junior or inexperienced salesperson is more likely to be focused on the:
A) purchaser. B) influencer. C) decider. D) initiator.
Business