Real estate unit 1 quiz - Study guides, Class notes & Summaries

Real Estate Unit 1 QuizA professional opinion of a property's market value, based on established methods and using trained judgement, is performed by a - correct answer real estate appraiser. In general, when the supply of a certain commodity increases, - correct answer price tends to drop Which factor primarily affects supply in the real estate market? - correct answer Governmental monetary policy Which factor is MOST likely to influence demand for real estate? - correct answer Wage l...

Real Estate Unit 1 QuizA professional opinion of a property's market value, based on established methods and using trained judgement, is performed by a - correct answer real estate appraiser. In general, when the supply of a certain commodity increases, - correct answer price tends to drop Which factor primarily affects supply in the real estate market? - correct answer Governmental monetary policy Which factor is MOST likely to influence demand for real estate? - correct answer Wage l...

NC Real Estate Pre-License Unit 1 Quiz Questions with 100% Correct Answers The demand for real estate is influenced by the? -Number of real estate brokers in the area -Ethnic make up of neighborhoods -Wage levels and employment opportunities in the area -Price of new homes being built in the area versus the price of existing homes - Answer-Wage levels and employment opportunities in the area The designation REALTOR refers to? I) any licensed real estate broker II) an active memb...

NC Real Estate Pre-License Unit 1 QWhich of the following BEST defines real estate? -Land and the air above it -land and the buildings permanently affixed to it -land and all things permanently affixed to it -land and the mineral rights in the land - ANSWER land and all things permanently affixed to it Which of the following is NOT a physical characteristic of land? -Indestructibility -Scarcity -Immobility -Uniqueness - ANSWER Scarcity In NC, the term provisional broker ref...

Which of the following BEST defines real estate? -Land and the air above it -land and the buildings permanently affixed to it -land and all things permanently affixed to it -land and the mineral rights in the land - Answer-land and all things permanently affixed to it Which of the following is NOT a physical characteristic of land? -Indestructibility -Scarcity -Immobility -Uniqueness - Answer-Scarcity In NC, the term provisional broker refers to? -A REALTOR -A licensee ...

Which of the following represents an accountability mechanism that RECA must comply with under the Act? A) RECA must prepare for the Minister of Service Alberta an annual report for the previous year end B) RECA must prepare for the Minister of Service Alberta an annual consumer report on the investigations conducted C) RECA must prepare for the Minister of Service Alberta a market report on the industries it regulates D) RECA must prepare for the Minister of Service Alberta a report on ...

NC Real Estate Pre-License Unit 1 Quiz Questions with 100% Correct Answers Which of the following is NOT an economic characteristic of real estate? -Indestructibility -Scarcity -Permanence of Improvement -Location - Answer-Indestructibility Which of the following physical and economic factors would a land developer take into consideration when determining the optimum use of a parcel of land? -Transportation -Available natural resources -Contour and elevation -All of these - ...

Hawaii Real Estate Review Quiz 1 100% Correct Solved The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical - Correct Answer ️️ -A) You can be deeded fee simple title on a condo unit A licensed broker can establish his m...

Principles of Real Estate 1- Champions Quiz Latest Update Graded A+ Contracts with a person who lacks mental capacity can be either void or voidable Community property is a concept of Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. an agent will have the opportunity to sell their own listing. Oil and gas companies employ a large number of individuals with a real estate background. The NFIP offers flood insurance The NFIP offers flo...

NM Broker Basics Unit 1 Quiz - NM Real Estate License Law Questions And Answers NM Broker Basics Unit 1 Quiz - NM Real Estate License Law Questions And Answers