A Due Diligence Review Should Be Done Before Property Is

question 98

True/False

A due diligence review should be done before property is purchased.

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Definitions:

First-Impression Error

A cognitive bias where initial impressions about a person significantly influence perceptions and judgments about them later on, even in the face of contradictory evidence.

Interviewers

Individuals who conduct interviews, typically for the purpose of assessing qualifications and suitability of candidates for a position or for gathering information.

Golem Effect

A psychological phenomenon where lower expectations placed upon individuals either by themselves or others lead to poorer performance.

Expectations

Beliefs about what will happen in the future, often based on experience, understanding, or projections.