Leases Are Considered the Engines That Drive Property Values

question 17

Multiple Choice

Leases are considered the engines that drive property values. Therefore, it should not be surprising that owners of commercial property may seek an independent leasing broker to focus on finding tenants to lease space. In exchange for their services, leasing brokers are paid a commission based on what percentage of the face amount of the lease?

• A) 0.5 to 1.5%
• B) 3 to 5%
• C) 7 to 10%
• D) 15 to 20%

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Definitions:

Learning Curve Strategy

Learning curve strategy involves leveraging the concept that the efficiency of performing a task tends to increase with increasing repetitions due to learning and experience gains.

Employee Training

The process of enhancing the skills, knowledge, and competencies of employees through organized learning activities to improve individual and organizational performance.

Learning Curves

A concept that illustrates how the efficiency or productivity of an individual or organization improves as tasks are performed repeatedly.

Time Measurements

The quantification of duration required to complete tasks or activities, often used in planning, scheduling, and efficiency analysis.