Certified Relocation Professional (CRP) Practice Exam

In a home sale buyout, what should a broker recommend regarding repairs?

1. Recommend repairs only if there is new construction

2. Limit repairs to those necessary for financing

3. Recommend repairs assuming the home will be vacant

4. Limit repairs to those under 5% of the sales price

The correct answer is: Recommend repairs assuming the home will be vacant

In a home sale buyout, recommending repairs under the assumption that the home will be vacant is crucial. When a home is vacant, it often faces various issues such as wear and tear, vandalism, or potential weather damage. By recommending repairs considering the home's vacant status, the broker ensures that the property remains in good condition during the selling process, which can help maintain its value and appeal to potential buyers. Additionally, this approach demonstrates responsible management of the asset, which is essential during a buyout situation. It can prevent further deterioration of the property and make it easier to market, as a well-maintained home is likely to attract more interest and possibly secure a higher selling price. Other approaches, like limiting repairs only to essential financing requirements or based on construction status, may overlook significant maintenance needs that could arise during the vacancy period.