Given the Following Information, Determine the Value of Having an Additional

question 20

Multiple Choice

Given the following information, determine the value of having an additional bedroom. Assume that the comparable properties are similar in all other attributes besides those listed in the table below. $\begin{array}{l|c|c|c|c} & \text { Comparable 1 } & \text { Comparable 2 } & \text { Comparable 3 } & \text { Comparable 4 } \\\hline \text { Time Sold } & \text { Today } & \text { Year Ago } & \text { Today } & 1 \text { Year Ago } \\\hline \text { Bathrooms } & 2 & 2 & 2 & 3 \\\hline \text { Bedrooms } & 3 & 3 & 4 & 3 \\\hline \text { Sale Price } & \$ 375,000 & \$ 365,000 & \$ 380,000 & \$ 367,500\end{array}$

• A) $2,500
• B) $5,000
• C) $7,500
• D) $10,000

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Definitions:

Trespass to Personal Property

The unlawful taking or harming of another’s personal property; interference with another’s right to the exclusive possession of his or her personal property.

Conversion

The act of wrongfully taking or retaining a person’s personal property and placing it in the service of another.

Wrongful Interference

A legal term referring to the act of intentionally interfering with contractual or business relationships.

Business Relationship

A connection between two or more parties engaged in commercial transactions or activities, based on contractual, statutory, or recognized ethical obligations.