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Florida Real Estate Exam

Category - Florida

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Mr. Anderson purchased an apartment for $100,000 paying $37,500 down and financing the balance. About 2 years later he sold the property for $115,000 and realized a 40% increase on his original investment. This would be an example of:

Escalation
Leverage
Plotting
Highest and best use

Explanation

Answer B - The use of a small sum of money to manipulate a large investment, thereby gaining the inflationary increase on the large investment, is called “leverage”.

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Florida Real Estate Exam

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