Pierce Sold His Home This Year

question 117

Multiple Choice

Pierce sold his home this year.He had owned and lived in the house for 10 years.Pierce signed a contract on March 4 to sell his home. Based on these facts,what is the amount of his recognized gain?

• A)$0
• B)$25,000
• C)$40,000
• D)$275,000

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Definitions:

Salesperson

A professional responsible for selling products or services to customers, often involving direct interaction or negotiation.

Professional Salesperson

An individual specialized in persuading or influencing others to purchase goods or services in exchange for money.

Prospect's Objection

Concerns or reasons given by a potential buyer for hesitating or declining to purchase a product or service.

FAB Sequence

A sales technique that highlights the Features, Advantages, and Benefits of a product or service to the customer.