A particular apartment building has changed ownership three times in 10 years. and the price has increased each time a minimum of 23%. Price increases for similar apartment buildings have averaged 17% per sale in that time. Is a licensee in Illinois justified in guaranteeing a prospective buyer of this apartment building at least an 8% profit on the resale of the property? Select the correct option from below : A) Yes, because this apartment building has a proven profitability history. B) Yes, because the average price increase for similar apartment buildings is more than twice the target amount. C) No, because the licensee should never guarantee a future profit of any amount. D) No, because past sales figures cannot reliably predict future prices.
Pls help with below homework.
A particular apartment building has changed ownership three times in 10 years. and the
Select the correct option from below :
A) Yes, because this apartment building has a proven profitability history.
B) Yes, because the average price increase for similar apartment buildings is more than twice the target amount.
C) No, because the licensee should never guarantee a future profit of any amount.
D) No, because past sales figures cannot reliably predict future prices.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Ok I am not agreeing with answer D in this question. Can somebody explain why is not answer C?
by Bartleby Expert
