Michigan Real Estate Exam Practice Question
A number of offers are made on a builder's property but none are satisfactory, so the builder decides to keep the property in inventory. This is proper because:
Correct Answer: D
Rationale: The decision to keep the property in inventory is justified by the builder's ability to secure it, ensuring it remains an asset until a more favorable offer arises. This approach allows the builder to maintain control over the property and potentially increase its value over time.
Option A, mentioning a new owner named FEDO, is irrelevant as ownership status does not directly relate to the decision to retain the property. Option B, referring to it as a job and headquarters, lacks context and does not address the builder's strategic choice. Option C, identifying the role of a store coordinator, is unrelated to the builder's decision-making regarding property management.
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