A Real Estate Agent Who Learns That a Property Comparable

question 14

Multiple Choice

A real estate agent who learns that a property comparable to their client's property, in the same street, sold for a price well above that for which their client's property is listed on the market should:

• A)Pass this information on to their client.
• B)Suggest to their client that the asking price be increased.
• C)Advise their client not to sell their property.
• D)Disregard the information.

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Definitions:

Savings Account Trust

A trust account set up at a bank or financial institution, where money is held under a trust agreement for the benefit of the beneficiaries.

Intestacy Statutes

Laws that govern the distribution of a person's estate if they die without a valid will, determining how their assets are divided among surviving relatives.

Legally Adopted

Refers to the formal process by which an adult becomes the legal parent of someone who is not their biological child.

Probated

The legal process of proving and registering the last will of a deceased person in court.