Answer: A land contract.
Explanation:
A land contract is a method of property sales where, the seller of the property, finances the sales of his property to the buyer, but keeps possession of the property until the buyer has completed payments on the property's purchase.
Land contract involves the buyer paying by installments for the property until full payment is made.
Answer:
The correct answer is - No,
Explanation:
The correct answer is - No,
The answer is no because the broker brings a buyer who is ready to give 1005 cash offer which is against the legal agreement defined by the owner. owner state that he is only taking a 25% cash offer.
Therefore the owner wouldn't consider the broker and didn't due broker commission.
Answer:
No, It will not be same for Used vehicles.
Auto market is cyclical in nature, that reflects that it acts according to change in market. When there is economic expansion, the market grows as people have high tendency to spend, and during recession people do not have high tendency to spend, therefore, during recession people pay for repairs or even if it is not possible to repair vehicles, they tend to buy a used vehicle.
Because used vehicle will cost less as compare to a new vehicle.
Therefore, generally it will have complete opposite relation with market scenarios.