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Wallace Loved Vacationing in Mexico

Question 49

Multiple Choice

Wallace loved vacationing in Mexico.He found a great beach front home that he wants to purchase near Cancun.The owners of the home have agreed to sell it to him for a great price because they are relocating to Europe.What advice would you give Wallace?


A) To refuse the deal because foreigners cannot own beachfront property in Mexico.
B) To refuse the deal unless the owners acquire permission from the local authorities for the sale.
C) To refuse the deal unless he plans to rent the property at least three months out of the year because that is required in Mexico.
D) To complete the deal quickly before the owners change their minds.

Correct Answer:

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