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17 Oct 2023, 01:30
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E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
67% (01:46) correct
33%
(02:03)
wrong
based on 330
sessions
History
Date
Time
Result
Not Attempted Yet
Summer: We should expect the current amount of compensation for real estate agents to be the traditional 4% commission for selling a client’s home, since studies show that commissions below 4% result in unmotivated agents and low closing prices.
Autumn: That traditional 4% commission was established before the crash of the housing market. Now that homes are harder to sell, commissions in general are harder to come by, so a homeowner need not pay as hefty a commission to motivate a potential real estate agent.
The exchange above supports the claim that the two parties disagree about
A. whether the definition of ‘traditional’ has changed in the current housing market.
B. whether the current real estate market has recovered from the recent crash.
C. whether it is a good idea to raise the traditional 4% commission.
D. whether a real estate agent is inherently motivated to complete a sale.
E. what level of commission is appropriate under current economic conditions.
Autumn: That traditional 4% commission was established before the crash of the housing market. Now that homes are harder to sell, commissions in general are harder to come by, so a homeowner need not pay as hefty a commission to motivate a potential real estate agent.
The exchange above supports the claim that the two parties disagree about
A. whether the definition of ‘traditional’ has changed in the current housing market.
B. whether the current real estate market has recovered from the recent crash.
C. whether it is a good idea to raise the traditional 4% commission.
D. whether a real estate agent is inherently motivated to complete a sale.
E. what level of commission is appropriate under current economic conditions.
27 Oct 2023, 09:57
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Bunuel
Let's analyze each option based on the dialogue between Summer and Autumn.
A. whether the definition of ‘traditional’ has changed in the current housing market.
Neither party disputes the definition of 'traditional.' Both acknowledge that the traditional commission is 4%. Eliminate A.
B. whether the current real estate market has recovered from the recent crash.
Autumn mentions the housing market crash, but neither party discusses whether the market has recovered. They are discussing the effects of the crash on commissions, not the state of recovery. Eliminate B.
C. whether it is a good idea to raise the traditional 4% commission.
Neither party suggests raising the commission above 4%. The debate is about whether the 4% commission is still appropriate. Eliminate C.
D. whether a real estate agent is inherently motivated to complete a sale.
Both seem to agree that commissions motivate real estate agents. However, they differ on how much commission is necessary to achieve this motivation. The inherent motivation of agents isn't the point of contention. Eliminate D.
E. what level of commission is appropriate under current economic conditions.
Summer suggests that a commission below 4% is inappropriate because it results in unmotivated agents and low closing prices. In contrast, Autumn believes that homeowners don't need to pay as high a commission in the current market to motivate agents. This choice encapsulates their disagreement. Pick E.
04 Nov 2023, 20:15
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Bunuel
VERITAS PREP OFFICIAL SOLUTION:
Solution: E
In any Method of Reasoning question asking what two parties agree or disagree on, try to find one issue that both parties explicitly address – in most cases, the four bad answers will contain issues addresses by one or neither of the two parties. In this case, (E) is the best choice because both women discuss whether the 4% commission is still appropriate, with Summer saying yes and Autumn saying no.
