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Updated almost 9 years ago on . Most recent reply

Account Closed
  • Real Estate Agent
  • Minneapolis, MN
26
Votes |
21
Posts

Bothersome Continuing Education Question

Account Closed
  • Real Estate Agent
  • Minneapolis, MN
Posted

I was taking care of a necessary evil earlier in the week:  continuing education to maintain my MN real estate license.  I came across the following question...

As an agent who primarily uses my license to invest, this bothered me.  According to Investopedia, 'Market Value' is "the price an asset would fetch in the marketplace."  By definition, isn't the price a retail buyer is willing to pay market value?  

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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,112
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10,252
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

 I would've thought the answer was c) below market value.  Duh!

When I tested for my license I saw so so many of these obvious answer, subjective bonehead questions I wanted to puke and not hang my license anywhere.  Oh wait - I didn't.

The love for wholesalers goes deep apparently.  Unethical flippers. Wonder if there are any questions about unethical commission taking?

Thanks for pointing this out @Account Closed!

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