The home appraisal conducted by the mortgage lender is primarily meant to
A)
ensure the lender that upon foreclosure it can resell the home for more than the outstanding balance on the mortgage.
B)
ensure the buyer is not paying more than the market value for the home.
C)
ensure the government that price discrimination does not occur in the housing market.
D)
provide the basis for future property tax assessments.
A
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Which of the following describes the bullwhip effect?
A) The value of a telecommunications network is proportional to the square of the number of connected users of the system. B) The performance improvement to be gained from using some faster mode of execution is limited by the fraction of the time the faster mode can be used. C) The variability in the size and timing of orders increases at each stage up the supply chain, from customer to supplier. D) New classes create new applications resulting in new markets and new industries.
The seller s was agreeable to listing the house and paying a commission if a real estate agent found a buyer however s wanted to be able to avoid a commission if a neighbor bought the house what would accomplish this for s
a. an exclusive right to sell contract b. a limited agency agreement c. a single party exclusive right to sell d. an exclusive agency contract