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What will happen to the market value for properties in area

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Reference no: EM132832398

Problem 1: Which if the following statements concerning an agreement of sale prepared by a licensee in accordance with New Jersey License Law is correct?

a) The agreement must contain a mortgage contingency clause
b) The agreement must include a attorney review clause
c) The buyer must be given a 3 day right of rescission
d) The contract must include the attorney general memorandum on discrimination

Problem 2: A number of manufacturing plants in Hometown City recebtly closed. Based on the principle of supply and demand, what will happen to the market value and the market price for properties in the area?

a) The market value will decline, but the market price will remain stable
b) The market value will remain stable, but the market price will decline
c) The market value will increase and the market price will remain stable
d) The market value and the market price will both decline in this situation

Reference no: EM132832398

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