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2024 COLIBRI REAL ESTATE CHAPTER 1 TEST EXAM WITH CORRECT ANSWERS
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2024 COLIBRI REAL ESTATE CHAPTER 1 TEST EXAM WITH CORRECT ANSWERS
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2024 COLIBRI REAL ESTATECHAPTER 1 TEST EXAM WITH
CORRECT ANSWERS
What is the acronym you can use to remember the board factors that impact
the real estate market? - CORRECT ANSWERS-P-E-G-S
What is another word that refers to the non-homogeneity of real property? -
CORRECT ANSWERS-Uniqueness
An increase in the cost of goods or services is known as - CORRECT
ANSWERS-Inflation
Which is NOT a physical characteristic of land? - CORRECT ANSWERS-Balance
The regulation of money through the Federal Reserve Board. - CORRECT
ANSWERS-Economic, government
The property's exact position in a neighborhood, city, and region. - CORRECT
ANSWERS-Physical
The buyer's tastes and standards based on lifestyle. - CORRECT ANSWERS-
Social
The main industry of an area - CORRECT ANSWERS-Economic
General trends of buyers toward one city or area over another. - CORRECT
ANSWERS-Social
The Fed's plan for spending and debt management. - CORRECT ANSWERS-
Economic
The relative supply of available houses. - CORRECT ANSWERS-Economic,
social
Tax breaks and other tax policies - CORRECT ANSWERS-Government
What is the impact of low inflation on the real estate market? - CORRECT
ANSWERS-It decreases the cost of a newly built home
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