Real Estate Professionals Agree That the Key to Getting the Optimum

question 121

Multiple Choice

Real estate professionals agree that the key to getting the optimum return on the purchase of a home is

• A) construction quality.
• B) location.
• C) tax advantages.
• D) design features.

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Definitions:

Delegation

A contracting party’s (a delegator’s) transfer of his or her duty to perform to a third party who is not part of the original contract (a delegatee).

Personal Services

Services provided by individuals based on their unique skills or talents, often involving physical or mental efforts rather than producing goods.

Delegatee

A third party who is not part of the original contract but to whom duties to perform are transferred by one of the contracting parties (a delegator).

First-Assignment-In-Time Rule

A rule which states that the first party granted an assignment is the party correctly entitled to the contractual right.