9. What is meant by foreclosing?
10. What is an agent? How is he usually paid?
11. Why do people employ real estate agents to take care of renting? To sell their property?
12. Why is property near a railroad valuable? For what?
13. Why is a corner lot worth more than an inside lot?
14. Why is property on a car line more valuable than on a side street?
15. What effect would the building of a new street car line have on the value of adjacent property? Why?
Exercise 296
Oral
1. Suppose that you are a landlord and that in your lease no mention is made of giving your tenants janitor service, but you yourself take care of the furnace. Other landlords in the block supply janitor service. After one of your tenants has moved in, he demands that the back porch be scrubbed once a week and the garbage emptied daily. What would you do? Consider the points for and against.
2. Suppose some boys playing ball on the street break a plate glass window in the store you own. Would you expect your tenant to pay for repairs?