Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
May 1810:00 AM PDT
-11:00 AM PDT
Join us in a live GMAT practice session and solve 25 challenging GMAT questions with other test takers in timed conditions, covering GMAT Quant, Data Sufficiency, Data Insights, Reading Comprehension, and Critical Reasoning questions.
May 1212:00 PM EDT
-11:59 PM EDT
Make the most of your break with the most realistic GMAT™ prep. Take up to $700 off select products. Ends 6/1
May 1501:00 PM IST
-11:00 AM IST
Start your journey with a fully customized action plan and work with a dedicated mentor to achieve a 735+ score.- May 19
12:00 PM PDT
-01:00 PM PDT
Scoring 329 on the GRE is not always about using more books, more courses, or a longer study plan. In this episode of GRE Success Talks, Ashutosh shares his GRE preparation strategy, study plan, and test-day experience, explaining how he kept his prep.... - Jun 10
06:00 AM PDT
-06:15 PM PDT
Register for the GMAT Club Virtual MBA Spotlight Fair – the world’s premier event for serious MBA candidates. This is your chance to hear directly from Admissions Directors at nearly every Top 30 MBA program..
10 May 2021, 04:30
Kudos
Bookmarks
A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
41% (02:40) correct
59%
(02:41)
wrong
based on 242
sessions
History
Date
Time
Result
Not Attempted Yet
The price of a finished home bought through a real estate agent incorporates an abundance of service fees charged by all the companies involved in the creation of that home and by the entrepreneur. To reduce the final cost of a home, some people choose to form purchasing groups which independently handle the process, from buying the property and receiving permits from the authorities to making architectural decisions. Handling the complete process of developing a home is complicated and presents challenges at every stage such as legal complications and construction errors.
The statements above, if true, best support which of the following as a conclusion?
A. Assuming they sell their home for the same price, individual purchasers that buy homes through agents cannot earn as much as those who buy through an independent purchasing group.
B. Most projects handled by independent purchasing groups experience complications that result in loss.
C. Homes bought through agents do not experience legal complications or construction errors during development.
D. If paying the commission awarded to the real estate agent could be avoided, the price of any home would be the same as that bought by independent purchasing groups.
E. The obvious advantage of buying a home by forming a purchasing group will result in an increase in the utilization of this method.
The statements above, if true, best support which of the following as a conclusion?
A. Assuming they sell their home for the same price, individual purchasers that buy homes through agents cannot earn as much as those who buy through an independent purchasing group.
B. Most projects handled by independent purchasing groups experience complications that result in loss.
C. Homes bought through agents do not experience legal complications or construction errors during development.
D. If paying the commission awarded to the real estate agent could be avoided, the price of any home would be the same as that bought by independent purchasing groups.
E. The obvious advantage of buying a home by forming a purchasing group will result in an increase in the utilization of this method.
15 May 2021, 05:45
Kudos
Bookmarks
OFFICIAL EXPLANATION
The price of a finished home bought through a real estate agent incorporates an abundance of service fees charged by all the companies involved in the creation of that home and by the entrepreneur. To reduce the final cost of a home, some people choose to form purchasing groups which independently handle the process, from buying the property and receiving permits from the authorities to making architectural decisions. Handling the complete process of developing a home is complicated and presents challenges at every stage such as legal complications and construction errors.
The statements above, if true, best support which of the following as a conclusion?
A. Assuming they sell their home for the same price, individual purchasers that buy homes through agents cannot earn as much as those who buy through an independent purchasing group.
This is an Inference question, so it is made up of premises only; you need to find a conclusion stemming from those premises:
- Premise A: The price of a home bought through an agent = service fees charged by the architect, the constructor, lawyers and entrepreneur etc.
+
Premise B: People form groups to create homes. These groups handle the process of creating a home. They spend less on their homes than they would do by buying through an estate agent.
+
Premise C: Developing a home is complicated and errors are made during the process.
=
Conclusion: ?
Because Premise B tells us that the purchasing groups pay less on their homes, we can infer that if they sold them for the same price, the profit earned would be greater than that of those who used an agent.
B. Most projects handled by independent purchasing groups experience complications that result in loss.
Incorrect.
This is an Inference question, so it is made up of premises only; you need to find a conclusion stemming from those premises:
- Premise A: The price of a home bought through an agent = service fees charged by the architect, the constructor, lawyers and entrepreneur etc.
+
Premise B: People form groups to create homes. These groups handle the process of creating a home. They spend less on their homes than they would do by buying through an estate agent.
+
Premise C: Developing a home is complicated and errors are made during the process.
=
Conclusion: ?
This conclusion goes too far beyond the premises given to us. The word most means more than half whereas the argument does not include even one example of such a loss.
C. Homes bought through agents do not experience legal complications or construction errors during development.
Incorrect.
This conclusion goes too far beyond the premises given to us. Premise C tells us that the process is complicated but that is true whether the buyer or the agent handles it.
D. If paying the commission awarded to the real estate agent could be avoided, the price of any home would be the same as that bought by independent purchasing groups.
Incorrect.
This conclusion contradicts Premise A. The fee paid to the estate agent is not the only additional expense.
E. The obvious advantage of buying a home by forming a purchasing group will result in an increase in the utilization of this method.
Incorrect.
This conclusion makes a prediction which cannot be based on the premises given to us. It is also undermined by Premise C which presents a disadvantage to the method.
General Discussion
11 May 2021, 14:04
Kudos
Bookmarks
The price of a finished home bought through a real estate agent incorporates an abundance of service fees charged by all the companies involved in the creation of that home and by the entrepreneur. To reduce the final cost of a home, some people choose to form purchasing groups which independently handle the process, from buying the property and receiving permits from the authorities to making architectural decisions. Handling the complete process of developing a home is complicated and presents challenges at every stage such as legal complications and construction errors.
A. Assuming they sell their home for the same price, individual purchasers that buy homes through agents cannot earn as much as those who buy through an independent purchasing group.
This is a very valid reason for handling via the purchasing group the entire process.
The other option are irrelevant
A is the choice
Regards
A. Assuming they sell their home for the same price, individual purchasers that buy homes through agents cannot earn as much as those who buy through an independent purchasing group.
This is a very valid reason for handling via the purchasing group the entire process.
The other option are irrelevant
A is the choice
Regards
