medium · National Real Estate Exam
A homeowner installs a high-end $50,000 designer kitchen. However, the home is located in a modest neighborhood where most homes have basic, original kitchens. The kitchen adds only $15,000 to the home's market value. This is an example of the principle of:
- Contribution
- Anticipation
- Substitution
- Regression
Sign up free to see the explanation and track your rank →
More National Real Estate Exam practice
- A broker's employment contract with a seller is officially called the:
- What is the current status of the contract?
- A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money
- A buyer makes a written offer to a seller. Two days later, before the seller has responded
- A contract for the sale of a property is signed. Before closing, the property is destroyed
- A contract for the sale of real estate that has been signed by both parties is valid, but
- A contract that is valid and binding but allows one party to avoid the agreement because o
- A contract that is valid and enforceable until it is canceled by a party who was a victim