Real estate economics - Study guides, Class notes & Summaries

Agents of Production - The factors that combine to create value of developed real property; they include land, labor, capital, and entrepreneurial coordination; which is sometimes also called entrepreneurial profit. Central Business District (CBD) - The center of an urban area is typically zoned for various uses such as retail, office, and residential. Further, in some areas, transportation starts & ends in the CBD since it is the central location for employment. Consumption - A c...

Basic Appraisal Principles Questions and Answers Already Passed When are appraisers needed? to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser competent, independent, impartial, objective, prompt, organized, educated, honest & diligent Appraiser must be knowledgeab...

REE 4204 Exam 1 Questions With Answers finance - ANSWER The study of the process, institutions, markets, and instruments used to transfer money and credit between individuals, businesses, and governments applied economics - ANSWER the study of the allocation of resources for the purpose of producing goods and services for various members of society finance is the study of - ANSWER how the flow of money and credit facilitates that production and allocation finance emphasiz...

A responsible broker must secure which of the following to renew his license: a. 2 hours titled real estate law b. 4 hours titled real estate economics c. 8 hours titled broker management d. 4 hours titled business ethics CORRECT ANSWER c. 8 hours titled broker management If a buyer gives a licensee an earnest money deposit and wants it deposited in an interest-bearing account, the Responsible broker should place the deposit: a. in a certificate of deposits at current interest rates. b....

BFIN Final Exam Questions and Answers Already Passed With good accounting knowledge, a financial manager can understand financial data of the firm Accounting can help financial managers: to interpret and use financial information in allocating financial resources more efficiently The field of finance is closely linked to: accounting and economics The goal of financial management is: to maximize shareholder's wealth Which of the following is not a drawback for profit-only focus...

GA MLS (Economics) Exam Review for Fundamental Study Questions for the Final Exam Revision.

New York Real Estate Exam Offical Study Guide. Economics Questions And Answers 2023 Update What agency issues real estate licenses? - Answer-NYS DOS, DIVISION OF LICENSING At what age can you become a real estate salesperson? - Answer-18 Do you need experience in the field to become a salesperson? - Answer-No What is the minimum age to become a real estate broker? - Answer-20 Do you need experience in the field to become a broker? - Answer-Yes, 3500 points (35hrs weekly for 100 week...

Nevada Real Estate State Exam Questions and Answers 100% Pass Nevada BROKER salesperson/BROKER education - Answer- - 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - Answer- - Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100 for both tests when ta...

New York Real Estate Exam Offical Study Guide. Economics Questions And Answers 2023 Update What agency issues real estate licenses? - Answer-NYS DOS, DIVISION OF LICENSING At what age can you become a real estate salesperson? - Answer-18 Do you need experience in the field to become a salesperson? - Answer-No What is the minimum age to become a real estate broker? - Answer-20 Do you need experience in the field to become a broker? - Answer-Yes, 3500 points (35hrs weekly for 100 week...

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 value in the market system? - correct answer Value is based on the interaction of underlying economic factors; price is a quantification of value in a transaction If demand is increasing, what would ...