Commercial property compared to residential property

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Reference no: EM132208632

1. Which of the following is an advantage to purchasing a commercial property compared to a residential property?

Business tenants are generally easier to deal with than apartment house tenants.

The vacancy rate is higher than residential properties.

Only residential property owners have to pay property taxes.

These properties do not qualify for homestead exemptions.

2. Seller Blake's home just hosted a caravan for his agent's brokerage. What should he or his agent do to get feedback from the other licensees?

Nothing, it is illegal to ask for their opinions.

Text each agent after the home tour.

Ask them to give their opinions orally while still looking at the property.

Ask each agent to fill out an evaluation.

3. Title records protect the public by giving all concerned parties ________ of the condition of a property's legal title

marketable data

destructive warning

removable notice

constructive notice

Reference no: EM132208632

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