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Any realtor currently looking for a location in which to

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Any realtor currently looking for a location in which to [#permalink] New post 20 Jan 2013, 01:43
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Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

Oil prices are currently less volatile than other factors that affect realtors.
Most cities whose economy is dependent on oil currently have a thriving real estate market.
Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.
Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.
Some realtors benefit from being located in an area that has sudden drops in real estate value.
Source:Veri Prep
[Reveal] Spoiler: OA

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Re: Any realtor currently looking for a location in which to [#permalink] New post 23 Feb 2013, 00:12
Expert's post
targetgmatchotu wrote:
Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

Oil prices are currently less volatile than other factors that affect realtors.
Most cities whose economy is dependent on oil currently have a thriving real estate market.
Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.
Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.
Some realtors benefit from being located in an area that has sudden drops in real estate value.
Source:Veri Prep


Hi targetgmatchotu,

I see that there is no response to this question since last three days.

If you have a doubt in this question, then you can refer the post below.

any-realtor-currently-looking-for-a-location-in-which-to-sta-147704.html

Vercules
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Re: Any realtor currently looking for a location in which to [#permalink] New post 18 May 2014, 15:29
Vercules wrote:
targetgmatchotu wrote:
Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

Oil prices are currently less volatile than other factors that affect realtors.
Most cities whose economy is dependent on oil currently have a thriving real estate market.
Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.
Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.
Some realtors benefit from being located in an area that has sudden drops in real estate value.
Source:Veri Prep


Hi targetgmatchotu,

I see that there is no response to this question since last three days.

If you have a doubt in this question, then you can refer the post below.

any-realtor-currently-looking-for-a-location-in-which-to-sta-147704.html

Vercules


Hi Vercules,
In this q, you have perfectly explained how 'some' realtors can benefit from a drop in retail prices. But, the major doubt still is that how will a drop in oil prices lead to a drop in retail prices?
How can we assume this? How are they even related? Isn't this a far too fetched assumption?
Also, in option (a), if we say there are other factors than oil prices that realtors look for before deciding the real estate, then for an instance without assuming anything, we find an alternate route, an alternate cause.
The argument states that 'Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices.' But if he has other factors also to look in for, then may be its not wise necessarily to chose location just on the basis of oil prices there.
Please if you could elaborate on this point.
Thanks in advance.
Re: Any realtor currently looking for a location in which to   [#permalink] 18 May 2014, 15:29
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