Which of the following is an advantage to purchasing a commercial property compa

Question

Which of the following is an advantage to purchasing a commercial property compared to a residential property?

Business tenants are generally easier to deal with than apartment house tenants.

The vacancy rate is higher than residential properties.

Only residential property owners have to pay property taxes.

These properties do not qualify for homestead exemptions.

Seller Blake's home just hosted a caravan for his agent's brokerage. What should he or his agent do to get feedback from the other licensees?

Nothing, it is illegal to ask for their opinions.

Text each agent after the home tour.

Ask them to give their opinions orally while still looking at the property.

Ask each agent to fill out an evaluation.

Title records protect the public by giving all concerned parties ________ of the condition of a property's legal title

marketable data

destructive warning

removable notice

constructive notice

Explanation / Answer

1. The advantage to purchasing a commercial property compared to a residential property is Business tenants are generally easier to deal with than apartment house tenants because they have their maintenance on themselves for the property and if required they call during business hours only whereas residential tenant may call for every small problem any time.

2. Seller Blake's home just hosted a caravan for his agent's brokerage. What should he or his agent do to get feedback from the other licensees: He should Ask each agent to fill out an evaluation for better presentation and other feedback about the property.

3. Title records protect the public by giving all concerned parties constructive notice of the condition of a property's legal title. Constructive notice is a public notice that tells who is the owner of the property and who maintains the claims against the property.

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