Final answer:
John, a broker in Detroit, wants to open a branch in Grand Rapids. He must research the market, find a location, and obtain permits and licenses.
Step-by-step explanation:
John, a broker in Detroit who has a permanent office, wants to open up a branch in Grand Rapids. He must:
- Research the market in Grand Rapids to assess the demand for brokerage services and competition in the area.
- Find a suitable location for the branch in Grand Rapids, considering factors such as accessibility, proximity to potential clients, and cost.
- Obtain the necessary permits and licenses to operate a branch in Grand Rapids, which may involve registering the business with the state and complying with local regulations.