A Good Way to Estimate the Market Value of a Home

question 37

True/False

A good way to estimate the market value of a home is to multiply the number of square feet by the average price per square foot of similar homes in the area.

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Definitions:

Arousal

A physiological and psychological state of being awake or reactive to stimuli, often associated with physical excitation or emotional responses.

Extrinsic Locus

The belief that control over one's life events and outcomes resides primarily in external factors or forces beyond one's personal control.

Julian Rotter

A psychologist known for his work in social learning theory and the introduction of the concept of locus of control.

Ellen Langer

A psychologist known for her work on the illusion of control, mindfulness, and decision-making.