SALESPERSON ONLINE COMPUTRAINER
Master Exam #3
Question 131 of 150
Question: "No prudent person would pay more for a parcel of real property than the price of a reasonably close alternative which is available without undue delay" refers most nearly to the principle of:
A: Balance;
B: Conformity;
C: Substitution;
D: Intervention.
Correct Answer is : C
The principle of substitution, in essence, states that "no prudent person would pay more for a parcel of real property than the price of a reasonably close alternative which is available without undue delay."