Question 1 & Explain Answer Please

The current real estate market has been booming for the last 5 years and there is still demand for properties, though the market has slowed for both rental and sales. Recent analysis of the area's job market shows a rise in unemployment and stagnant wages, though living costs are still rising. For the last lew years the area has welcomed a steady influx of new residents, but this has almost stopped as job opportunities decline. A real estate broker has been asked by a homeowner whether to sell now or wait to sell until the market goes higher in the next year or two. Given the facts, what course of action would a prudent professional recommend to the seller?

A - selling the property now, as the market appears likely to adjust downward B - renting the property until the market peaks in a few years, then selling it C - holding the property for another year, as the market runs in seven year cycles so further appreciation can be expected D - holding the property until it reaches the level of appreciation the seller is seeking, as the market will

Question 2

Despite his preference to build a new facility rather than move into an existing one, Dr. M decides he is ready to offer for the existing veterinary property. He also mentions for the first time that his reasons for wanting a larger property include wanting to provide convenient, plentiful parking for customers and to have enough space to add a boarding kennel operation. How should the broker now advise Dr. M as to contingencies and due diligence in pursuing this transaction?

A - Advise him to make an offer contingent upon verification that the proposed expanded use of the property is permitted. B - Suggest that little is necessary in terms of due diligence because there is already a veterinary practice at the location. C - Recommend that he make his offer contingent upon the satisfactory results of a professional appraisal of the building. D - Advise that he will not he able to open a boarding kennel even it allowed by the zoning ordinance