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Illinois Real Estate Exam

Category - Illinois

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Jim lives in Peoria but spends a lot of his time in Florida. The hiring of a specialist in property management would be justified by:

Absentee ownership
Technological advances in building concepts
Vacancy factor high than normal
Urbanization

Explanation

Answer: A. In absentee ownership. The owner lives away from the property and is not able to adequately supervise it.

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Illinois Real Estate Exam

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