CE shop Unit 3 questions TF and answers.
CE shop Unit 3 questions TF and answers.
CE shop Unit 3 questions TF and answers.
CE shop Unit 3 questions TF and answers.
CE shop Unit 3 questions TF and answers.
Real estate activities have an impact on the economy. TF - correct Answers ✔✔ -True
The health of the overall economy may rely heavily on construction of new properties. TF - correct
Answers ✔✔ -True
Which of these phases have an effect on the economy? - correct Answers ✔✔ -Planning, building,
buying/selling, moving and living
Engineers, city and/or county officials map out local development - correct Answers ✔✔ -Planning
Engineers, contractors, and other workers build properties and infrastructure - correct Answers ✔✔ -
Construction
Consumers work with real estate professionals, lenders, home inspectors, etc., to purchase or sell a
home. - correct Answers ✔✔ -Buying/selling
Consumers make arrangements to occupy or leave the property. - correct Answers ✔✔ -Moving
Residents enjoy local amenities and services. - correct Answers ✔✔ -Living
Several different phases make up the real estate cycle. What are they? - correct Answers ✔✔ -Over
supply, Recession, Expansion and Recovery
During the _____ phase, the market begins to bottom out. We see home prices fall, while foreclosures
increase - correct Answers ✔✔ -Recession
During the ____ phase, things start to improve, and they continue improving until the end of the ____
phase, when the market peaks. - correct Answers ✔✔ -Recovery; Expansion
We see the market begin to make a downturn during the ____ phase, when buyers are over-paying and
activities are occurring at a rapid rate, which is not sustainable - correct Answers ✔✔ -Over supply
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