Business, 17.01.2020 04:31 amorosoavap5cejz

The procedures and techniques used by real estate apraisers and brokers are best categorized into what component of the real estate body of knowledge

(a) true
(b) false

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Answer from: andrespacheco5888

The correct answer is letter "C": Real estate service industry concepts.

Explanation:

The real estate body of knowledge has four (4) collections of concepts: legal analysis concepts, market analysis concepts, service industry concepts, and financial and investment analysis concepts. The real estate service industry concept includes real estate brokerage, appraisal, and property management. It concentrates on the skills and knowledge that real estate professionals provide for compensation to real estate customers.

Answer from: Quest

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

Answer from: Quest

Answercustomer service;

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