What Separates Illegal Flipping and Legitimate Fixing and Reselling of Houses

question 31

Multiple Choice

What separates illegal flipping and legitimate fixing and reselling of houses?

• A) Foreclosed homes are appraised at a low price and resold at a higher price.
• B) The actual costs to renovate a home are inflated to increase the home's selling price.
• C) An individual home is bought and resold multiple times at inflated prices.
• D) Renovated homes are resold with few changes.

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Definitions:

Job Design

Describes the process of assigning duties, responsibilities, and tasks to a job or position to optimize employee performance and satisfaction.

Job Context

The work environment and conditions under which a job is performed, including physical surroundings, job roles, organizational culture, and external influences.

Psychological Contract

The set of individual expectations about the employment relationship.

Additional Authority

Additional power or authorization granted to an individual or organization to make decisions or take action.