An apartment building owner is considering adding a swimming pool to his property. She asks an appraiser for his opinion, his answer would be based upon the appraisal principle of:

a. substitution
b. highest and best use
c. regression
d. contribution

Answer: d. contribution

Business

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In reference to the listing agreement, the "hold harmless" clause protects the agent from liability for:

A: Any type of lawsuit; B: Misrepresentations by the agent to third parties; C: Misinformation given by the seller concerning the property; D: Misinformation from the buyer concerning his finances.

Business

An attachment to a will that alters or amends a portion of the will is called a

A) proxy. B) codicil. C) letter of last instructions. D) revocation. E) none of the above.

Business