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Why does a house broker usually recommend her clients the median house price in a community but not average price?
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- Can someone give me their input on this question please. Discuss housing affordability in general. When researching your response consider the following: personal income, housing prices, mortgage rates, nonmortgage expenses, and also personal/mental/social positives and negatives of owning vs renting.What are the main benefits and drawbacks of renting a place of residence?How can we Analyze Expected House Prices?
- How do a person’s employment and household situation influence the selection of housing?Describe the differences between a person with a low personal discount rate and a person with a high personal discount rate. How does the personal discount rate affect the decision to migrate?Which of the following is not related to Opportunity costs? a. Salary given up to start a business b. Rental Income given up when you live in a house you own. c. fixed costs to be incurred when you accept a special request from an existing client. d. None of the choices
- Which of the following is not related to Opportunity costs? None of the choices O Rental Income given up when you live in a house you own. Salary given up to start a business O fixed costs to be incurred when you accept a special request from an existing client.Why are sellers willing to pay a commission to a broker to facilitate the sale of their property? Take one of the 6 fiduciary responsibilities (COALDS). Explain how a breach of this responsibility (the agent not following it) could harm the principal in a real estate transaction. Why would a buyer want to have a contract with a real estate brokerage? What benefits would there be? Find a local real estate agency/brokerage and explore their website. Explain one thing you found that relates to what we learned in Chapter 12. What are some of the elements of a listing agreement? Why are these included?Which factor is NOT considered when determining the suitability of investments for a client? 1. Whether the client is a homeowner or a renter 2. The Client's investment knowledge 3. The Client's Risk profile 4. The Client's financial circumstance
- How does the arbitrage equation help pin down the price of housing in oursimple theory?Rent versus buy analysis - Part 2 Which is better: to rent or to buy? The decision of whether to rent or buy housing is a personal decision that is based on both your lifestyle and your finances While most financial experts argue that the financial aspect of the decision. is important, it is also important not to base your rent- or buy decision solely on the numbers. Your personal needs and housing market conditions are important. However, it is still necessary to perform the financial analysis. Tim and his wife are trying to decide whether to rent or to purchase a new townhouse. After looking for several months, they ve narrowed their choice down to one particular house, and the builder is willing to lease or sell-depending upon the preference of the buyer. To perform a rent or buy analysis, Tim and his wife have collected the following information: if they rent, the builder will require monthly rental payments of $1,300 and a security deposit equal to two months of rent Since they…what factors influence home affordability and whether the purchase of a home is realistic? For each, provides details as to why it is included on the lost