D) all of the above
explanation: because all of the answers reflect why some people make bad investments
Answer:
C. $20,000
Explanation:
Note that we are talking about the listing commission. Listing commission will be calculated on the listed price.
So, the listed price will be = 400,000 * 5%
= $20,000
Thus, the commission most likely paid to the real estate agent is $20,000
Answer:
This is false. buying a franchise is expensive, as it involves buying the rights of a business from the business owners, who are commonly referred to as ''franchisiors".
Explanation:
Ravi would not be able to run the franchise business the way he wants as the Franchisiors determines the business model and procedures. Hence, he would have a limited control on the business. Thus, I would advise Ravi to avoid going into a Franchise business, if his motive is to be his own boss and have control on his business.
