package deal for REAL ESTATE MARKET exam 2023/2024 with 100% correct answers

Real Estate MarketIn general, when the supply of a certain commodity increases, _____ tend to _____. - correct answer prices; drop Which factors primarily affects supply in the real estate market? - correct answer Governmental Monterey policy Which factor is MOST likely to influence demand for...

Real Estate Market Economics THE MARKET SYSTEM Supply and demand - correct answer supply: goods or services available for sale, lease, or trade demand: goods or services desired for purchase, lease, or trade Price and value - correct answer price mechanism: quantified value of an exchange val...

Real Estate Market Analysis Chapter 7: Market DelineationMarket Delineation - correct answer The purpose of market delineation is to determine where demand comes from and which properties compete for this demand Two important aspects of market delineation - correct answer Identification of potent...

Real Estate Finance In a lien theory state, who holds the equitable title? A. Trustor B. Beneficiary C. Trustee D. Lender - correct answer Trustor All of the following are examples of primary market participants EXCEPT A. Commercial bank B. Credit union C. Fannie Mae D. Life insuranc...

Real Estate Finance: Chapter 12 The Secondary Mortgage MarketIntro - correct answer The secondary mortgage market is designed to deal in real estate mortgages, buying them from loan originators and selling them to investors or pooling them to enlarge the markets for these types of securities. Whe...

Real Estate Finance Chapter 4 QuizAn investment is said to be liquid when: - correct answer it can be instantly sold. Private mortgage insurance is required on all loans that exceed what percentage of the value of a property? - correct answer 80%. FNMA and FHLMC are: - correct answer governmen...

Real Estate Finance Chapter 2 QuizIn a seller's market: - correct answer supply does not exceed demand, demand does not exceed expectations and home prices do not decline. The four phases of the business cycle are: - correct answer peak, recession, bottom, recovery. A loss of savings deposits...

Real Estate Exam Product that a real estate sales associate must market _______ _______ - correct answer expert information The three areas of expertise that real estate licensees bring to the transaction: - correct answer 1. Knowledge of property transfer 2. Knowledge of market conditions 3....

Real Estate Exam Prep: Valuation and Market AnalysisSales comparison approach - correct answer Most applicable to the appraisal of vacant land and special purpose properties such as a church GRM - correct answer Used as a substitute for the income approach in the valuation of a single family home...

Real Estate Chapter Quizzes What are licensees expected to have expert knowledge about? - correct answer Property transfer Valuation Market conditions The real estate market is local in nature. What does this mean? A. Real estate licensees may work only in specific areas. B. Real estate...

Real estate Chapter 61. Real estate market research is an important process used by analysts to facilitate a better understanding of a property's future profit potential. All of the following statements regarding market research are true EXCEPT: - correct answer B. Market research consists of a ser...

Real Estate Ch. 6 Factors that affect housing market segmentation include all except: a. household income b. household age c. household size d. household unemployment status e. household lifestyle - correct answer household unemployment status The process of creating a market-defining story...

PSI Real Estate Exam: Valuation And Market Analysis Amenity - correct answer A tangible or intangible feature that enhances and adds value to real estate. Arm's Length Transaction - correct answer A transaction that occurred under typical conditions in the marketplace where each of the parties ...

Principles of Real Estate Chp.6-TestIf commercial real estate rental prices are falling in a market, it is likely that - correct answer the market is over-supplied. The price for any product is a function of four fundamental determinants of value. These are - correct answer desire, utility, scarc...

PoR CH 15 REAL ESTATE MARKET ECONOMICSCH 15. - 1. Price is best described as a. what suppliers charge for goods and services. b. the amount of money consumers are willing to pay for a product or service. c. the amount of money a buyer and seller agree to exchange to complete a transaction. d. ...

National Real Estate Exam: Valuation & market AnalysisAnticipatiotion - correct answer a purchase/sale decision based on the perceived future value. Assemblage - correct answer th act of combining 2 or more parcels Balance - correct answer occurs when supply & demand factors at the point of "...

Module 17: Lesson 3 Disadvantages of Real Estate InvestmentIlliquidity - correct answer An inability to convert assets into cash quickly without considerable loss. What are the principal reasons for the illiquidity of real estate investments? - correct answer 1. Real estate transactions are compl...

Factors Affecting the Real Estate Market Which stage of real estate cycle is considered the bottom? - correct answer Depression Which of the following entities acts in the secondary market? - correct answer Fannie Mae In which phase of the real estate market cycle would you expect to see prop...

Chapter 15: Market Economics (Real Estate)Why are markets generally in some condition of imbalance? - correct answer The determinants of value are constantly changing, and it takes time for the market to adjust Which of the following statements best describes the relationship between price and va...

Chapter 15 - The Real Estate Markets and AnalysisWhy does real estate tend to be a long-term investment? - correct answer Land is durable and irreplaceable. Home sale prices are available to licensees in the MLS. Why are sale prices important to the interpretation of market conditions? - correct ...

ch. 15 the real estate market and analysislist the physical characteristics of real estate 1. land is ____. 2. land is ____. 3. land is ____. - correct answer immobile (fixed), indestructible (durable), unique (non homogeneous) when the supply increases relative to demand, prices go ___. - cor...

Ch. 15 - The Real Estate MarketThe MOST important understanding of the vacancy rate is A) to indicate how much money the owner will receive. B) to indicate how much movement there is in the market. C) to indicate the location of the property. D) to indicate there are good neighbors in the comp...

Ch. 9 - Real Estate Markets The real estate market is generally classified as a(n) ______________market. - correct answer imperfect Real estate is unique as an economic good in that it is - correct answer immovable "A market in which a drop in demand is accompanied by a relative oversupply a...