Choose wisely. There is only one correct answer to each question.
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1.
When putting your home up for sale, what step might you have to take if you must sell your home in an unfavorable home-buying market?
Accept a lower price. If conditions for selling your home aren't favorable, you might have to accept a lower price than you'd like to achieve the goal of selling your home.
2.
When selling a home, the _______ is the price that the seller wants to receive.
Asking price. The fair market value and the selling price are different, but relevant, prices.
3.
The main reason people try to sell their homes without an agent is _______.
To save on commissions. The commissions can be quite large; some people aim to save money by selling on their own.
4.
When selling your home with an agent, it is best if you can be there in person to meet any prospective buyers who come to look at it.
False. Generally, it is best if you are not there, because buyers tend to refrain from asking important questions while in your presence.
5.
When it comes to saving money on the real estate commission, which of the following is an example of a task that a real estate agent might take on for a lower commission?
All of the above. You may have to shop around to find an agent willing to take on parts of the job of selling your home for less money, but it can be done.