Certified Relocation Professional (CRP) Practice Exam

Which option is least likely to reduce home inventory costs in a home purchase program?

1. Shortening the acceptance period for buyout offers

2. Educating employees on wise purchase decisions

3. Providing marketing assistance programs

4. Offering bonuses for finding buyers

The correct answer is: Shortening the acceptance period for buyout offers

Shortening the acceptance period for buyout offers is least likely to reduce home inventory costs because it primarily affects the timeframe in which decisions are made rather than directly impacting the costs associated with holding inventory. The buyout offers are intended to expedite a sale by providing an incentive for the homeowner to accept a purchase quickly. However, if the acceptance period is too short, it may not allow enough time for effective marketing or for potential buyers to consider the offer, potentially leading to prolonged inventory holding if homes are not sold quickly. In contrast, educating employees on wise purchase decisions can empower them to make more financially sound choices, potentially lowering the chance of default or creating a demand that could alleviate inventory. Providing marketing assistance programs actively promotes the sale of homes, leading to reduced holding times and costs associated with unsold properties. Offering bonuses for finding buyers can incentivize individuals or brokers to sell homes more quickly, further reducing inventory costs. These strategies are all proactive measures to minimize inventory and costs, unlike the shortening of acceptance periods which may inadvertently prolong the process.