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Real Estate U Georgia Chapter 1 Quiz Questions and Complete Solutions Graded A+
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Real Estate U Georgia Chapter 1 Quiz Questions and Complete Solutions Graded A+
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Real Estate U GeorgiaChapter 1 Quiz Questions
and Complete Solutions
Graded A+
Denning [Date] [Course title]
, A REALTOR® is...? - Answer: A real estate agent who is a member of National Association of REALTORS®
(NAR).
An investor who bought a rental house needs someone to take care of the property, screen prospective
renters, coordinate repairs, handle maintenance and tenant concerns, and evictions, if necessary. He's
looking for a...? - Answer: Property manager
Properties that include single family homes and multi-family buildings are...? - Answer: Residential
properties
Single family homes are...? - Answer: Private freestanding residential houses.
Zoning determines what a particular property can be used for, and property zoned for agriculture...? -
Answer: Is used to grow and harvest crops, or raise, breed, and care for livestock such as cows, horses,
pigs, sheep or goats.
Zoning definitions can be different depending on...? - Answer: The community, county, or state the
property is in.
Greg, a new real estate agent, has just listed a property zoned agricultural, and a buyer approaches him
who wants to buy it and build a residential subdivision. Greg explains...? - Answer: Agricultural zoning
prohibits residential subdivisions.
There is a mixed-use property for sale in Cassie's community, and a buyer walks into her office looking
for a residential space. Should Cassie consider showing him the property zoned mixed-use? - Answer:
Yes, because mixed-use is a combination of commercial and residential real estate.
In economics, supply is...? - Answer: The quantity of goods or services available, whether in abundance
or scarcity.
When the supply is limited and demand is high...? - Answer: Prices escalate
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