Critical Reasoning (CR) | Due to the recent boom in the housing market, home prices have risen

To evaluate why option B seriously undermines the argument for new legislation, let's break down the reasoning:

**Argument Summary:**
- Home prices have risen, making them unattainable for many.
- No regulations require real estate listings to include an asking price.
- Survey results show homes with asking prices sell for less than those without.
- Conclusion: Legislation should require asking prices to promote competition and lower prices.

**Option B Analysis:**
- **B.** Currently, homes listed with asking prices are generally appraised at lower values than homes listed without.

If homes listed with asking prices are generally appraised at lower values, it suggests that the correlation between listing price and final sale price is influenced by the initial appraisal value rather than the act of listing a price itself. This undermines the argument that listing a price fosters competition leading to lower prices. Instead, it implies that lower appraised values, to begin with, are the
...

Statistics : Posted by abhishekujjawal • on 21 Apr 2018, 01:52 • Replies 13 • Views 8245

---