2. A person has completed a pre-license course of 63 classroom hours, 50 minutes each. At the end of the course she scored an 85% on the test and she has filed the appropriate fees and paperwork to obtain a license. She took the state examination within the proper time period and scored 80% on the test. She has not found a broker to place her license. What does this situation mean?

3. Miami is realizing a boom in an area of low priced housing with beautiful palm trees. The location is reasonably close to public transportation and within a short ride of downtown office buildings. Many buyers are buying up these old, low priced homes and bulldozing them down. They are then building new $500,000 homes on the sites. This is an indication of what principle of value?