An unsecured long-term corporate loan is called a ________

A buyer learns from his real estate professional the ownership rights of the seller's property will continue forever and that no other person claims to be the owner or has any ownership control over the property other than the seller. The buyer will have what type of estate upon closing?

A) A life estate B) A fee simple qualified fee estate C) A leasehold estate D) A fee simple absolute estate

Which of the following statements is true about value pricing?

A) It is also known as penetration pricing. B) It gives customers more value than they expect for the price paid. C) It gives the seller most of the value—cost difference. D) It implies low price alone.