Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the sellers price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agents 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price thats too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is andquot;a lot more than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer?

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

GMAT Exam > GMAT Questions > Message 1:Message sent from a real estate age...

Message 1:
Message sent from a real estate agent to his clients
10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!

Message 2:
Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message
10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.

Message 3:
Message sent from a real estate agent to his clients, in response to their 10:52 AM message
12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.

Consider each of the following statement. Does the information in the three articles support the inference as stated?

Statement : For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.

a)
Yes
b)
No

Correct answer is option 'B'. Can you explain this answer?

Join for Free

Join for Free

Verified Answer

Message 1:Message sent from a real estate agent to his clients10:15 AM...

No.
While the third email suggests that a mid-August closing date is important to the buyers, it does not necessarily indicate that such a closing date is more important than price. In fact, that very same email includes a firm rebuke of the $350,000 price point, suggesting that the final price of the home is a primary concern of the buyers.

View all questions of this test

View all answers Start learning for free

Explore Courses for GMAT exam

Similar GMAT Doubts

Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the sellers price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agents 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price thats too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :The sellers real estate agent is more likely to accept a lower final price of the home than are the sellers themselves

View answer

Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the sellers price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agents 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price thats too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :The home sellers asking price for their home is at least $380,000.

View answer

Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the sellers price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agents 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price thats too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%

View answer

Directions: Each multi-source reasoning question is based on a series of information contained in text, charts, or tables. For each practice you should examine the relevant information and select the best answer of the choices given.Article - 1News article in an environmental publication.July 19 – If current trends continue, fossil fuels will be exhausted by 2052. Industry and transportation and the inability of governments to put stricter emissions regulations in place means that there will be a greater demand for alternative energy sources. Additionally, recent concerns about the high-cost of implementing new systems such as public transportation in industrialized areas has led many voters to actually strike down propositions to subsidize alternative fuel research.Article - 2Interview with a well-known scientist.August 3 – Dr. Lisa Goodman, one of the team of architects behind several new battery-operated commercial vehicles, has criticized the government’s unwillingness to aggressively lobby voters to pass measures to reduce fossil fuel usage. She suggests that without a significant reduction in per-person fossil fuel consumption, the rate of global warming could soon increase threefold.“I know that voters continue to reject costly measures to reduce widespread fossil fuel consumption such as large-scale public transportation projects, and that politicians are naturally going to avoid stumping for unpopular policies. However, if something isn’t done soon, by 2055, a barrel of gasoline may become a luxury that only the rich can afford.”Article - 3Article from a weekly news magazine.August 29 – The price of crude oil has jumped by 500% over the last decade as a decrease in supply has met with an increased demand. This demand has encouraged many new oil wells to launch in the Gulf of Mexico, and some American environmental groups have expressed concern that certain oil companies are not following the safest procedures, emphasizing that the companies are more concerned with the speed of extraction than the well-being of the ecosystem. Some scientists in the Gulf have called for an increase in safety regulations for oil companies drilling off the coast, but the companies warn that this may dramatically increase the cost of crude oil, at a time when many Americans are already struggling to pay the increased price.Consider each of the following statements. Does the information in the three articles support the inference as stated?Q.An increase in supply would help reduce the impact the oil companies are having on the Gulf’s environment.

View answer

According to many analysts, labor-management relations in the United States are undergoing a fundamental change: traditional adversarialism is giving way to a new cooperative relationship between the two sides and even to concessions from labor. These analysts say the twin shocks of nonunion competition in this country and low-cost, high-quality imports from abroad are forcing unions to look more favorably at a variety of management demands: the need for wage restraint and reduced benefits as well as the abolition of “rigid” work rules, seniority rights, and job classifications.Sophisticated proponents of these new developments cast their observations in a prolabor light. In return for their concessions, they point out, some unions have bargained for profit sharing, retraining rights, and job¬-security guarantees. Unions can also trade concessions for more say on the shop floor, where techniques such as quality circles and quality-of-work-life programs promise workers greater control over their own jobs. Unions may even win a voice in investment and pricing strategy, plant location, and other major corporate policy decisions previously reserved to management.Opponents of these concessions from labor argue that such concessions do not save jobs, but either prolong the agony of dying plants or finance the plant relocations that employers had intended anyway. Companies make investment decisions to fit their strategic plans and their profit objectives, opponents point out, and labor costs are usually just a small factor in the equation. Moreover, unrestrained by either loyalty to their work force or political or legislative constraints on their mobility, the companies eventually cut and run, concessions or no concessions.Wage-related concessions have come under particular attack, since opponents believe that high union wages underlay much of the success of United States industry in this century. They point out that a long-standing principle, shared by both management and labor, has been that workers should earn wages that give them the income they need to buy what they make. Moreover, high wages have given workers the buying power to propel the economy forward. If proposals for pay cuts, two-tier wage systems, and subminimum wages for young workers continue to gain credence, opponents believe the U.S. social structure will move toward that of a less-developed nation: a small group of wealthy investors, a sizable but still minority bloc of elite professionals and highly skilled employees, and a huge mass of marginal workers and unskilled laborers. Further, they argue that if unions willingly engage in concession bargaining on the false grounds that labor costs are the source of a companys problems, unions will find themselves competing with Third World pay levels—a competition they cannot win.The passage provides information to answer which of the following questions?

View answer

Top Courses for GMATView all

GMAT Focus Edition Mock Test Series 2025

Quantitative for GMAT

Crash Course for GMAT

Data Insights for GMAT

100 RCs for GMAT

Top Courses for GMAT

View all

Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :For the buyers, the ability to complete the purchase before mid-August is more important than the final price of the home.a)Yesb)NoCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice GMAT tests.

Explore Courses for GMAT exam