A Comparable Property Sold 15 Months Ago for $105,000

question 21

Multiple Choice

A comparable property sold 15 months ago for $105,000. If the appropriate adjustment for market conditions is 0.25% per month (without compounding) , what would be the adjusted price of the comparable property?

• A) $105,262.50
• B) $105,393.80
• C) $108,937.50
• D) $144,375

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Definitions:

Referent Power

A form of power that stems from being well-liked, admired, or respected, making others more likely to comply due to liking or identifying with the person in power.

Networking

The act of establishing and maintaining professional relationships or connections with others for mutual benefit.

Expert Power

The influence and authority someone holds as a result of their expertise or knowledge in a specific area.

Centrality

In network analysis, centrality measures the importance or influence of a node within a network, determining the most connected or pivotal points.