Question: Question 1 & Explain Answer Please A developer has a 25-acre tract to be developed. Five percent of the land will be used for a

Question 1 & Explain Answer Please

A developer has a 25-acre tract to be developed. Five percent of the land will be used for a park and 15% will be used for the streets. Half-acre lots are selling for $19,500. What is the potential gross income from sale of this development?

A - $780,000 B - $819,000 C - $975,000 D - $1,560,000

Question 2

A salesperson represents the seller of a commercial property. The salesperson tells the buyer a new highway exit ramp will be built within six months to give access to the property, although that is only one of several possibilities being considered by local planners. The exit ramp is subsequently located elsewhere. Could the salesperson be liable to the buyer for the statement about the ramp?

A - No, the statement was the salesperson's opinion. B - No, the statement was puffing. C - Yes, the statement was puffing. D - Yes, the statement was a material misrepresentation.

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