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Azure Tide Section 15 Exam Questions and Complete Solutions Graded A+
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Azure Tide Section 15 Exam Questions and Complete Solutions Graded A+
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Azure Tide Section 15Exam Questions and
Complete Solutions
Graded A+
A physical characteristic of real estate is the fact that real estate is immobile. Simply put, it doesn't
move. - Answer: True
When the mortgage credit market tightens up, less are able to qualify for a mortgage, increasing
demand for houses. - Answer: False
The definition of Situs involves a buyer's preferences for a certain area. - Answer: True
Real estate is generally quick to respond to changes in supply and demand. - Answer: False- Real estate
is generally slow to respond to changes in supply and demand.
Demand for Real Estate is inverse to price. As the price comes down demand rises. As the price rises the
demand goes down. - Answer: True
There is an inverse relationship between price of real estate and demand. This means the higher the
price, the less the demand. The better, or lower the price, the more demand. - Answer: True
A buyer's market exists when there are more buyers (demand) than available real estate for sale. -
Answer: False
Non-homogeneous means that no two parcels are exactly alike. - Answer: True
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