How Many Days Are Normally Needed to Close a Residential

question 22

Multiple Choice

How many days are normally needed to close a residential sale that requires no financing?

• A) 1 to 29
• B) 30 to 60
• C) 61 to 90
• D) over 90

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Definitions:

Objective Function

A mathematical function used in optimization to represent the goal that needs to be achieved, often minimizing or maximizing some quantity.

Linear Programming

A mathematical method for determining the best outcome (such as maximum profit or lowest cost) in a given mathematical model for some list of requirements represented as linear relationships.

Objective Function

A mathematical function used in decision-making processes, often in optimization, representing the goal that needs to be achieved.

Constraints

Restrictions or limitations in decision-making processes or in the optimization of systems, such as resource limits or production capacities.