Michigan Real Estate Exam Practice Question
A seller's video of a property is shown to be in a one-way building area. How should the broker proceed?
Correct Answer: D
Rationale: In a one-way building area, understanding local regulations is crucial for effective marketing. Contacting the municipality ensures compliance and clarifies any potential for future development or zoning changes, which can impact the property's value and marketability.
Option A focuses solely on positive aspects without addressing the unique challenges posed by the one-way street. Option B lacks a strategic approach, as it does not consider local regulations or market conditions. Option C may be premature; while the one-way street could influence the price, it’s essential to gather all relevant information before making such a decision.
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