Real
Real Estate Study Guide Estate & Answers Exam Prep
Questions
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-317312
When demand decreases and suppl y remai ns the same a. pri ces tend to ri se. b.
b. pri ces tend to f al l .
pri ces tend to f al l . c. pri ces are not af f ected. d. the market becomes stagnant
A l i censed real estate prof essi onal acti ng as a poi nt of contact between two or
more peopl e i n negoti ati ng the sal e, rental or purchase of a property i s known as b. broker
a(n) a. sal es af f i l i ate. b. broker. c. property manager. d. apprai ser.
. Whi ch of the f ol l owi ng woul d NOT af f ect suppl y? a. Popul ati on b. Constructi on
A. popul ati on
costs c. Government control s d. T he l abor f orce
Whi ch of the f ol l owi ng i s NOT a category of the uses of real property? a.
b. devel opmental
Resi denti al b. D evel opmental c. Agri cul tural d. I ndustri al
1
, Real
Real Estate Study Guide Estate & Answers Exam Prep
Questions
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-317312
Whi ch of the f ol l owi ng woul d NOT af f ect demand a. Popul ati on b.
d. F i scal pol i cy
D emographi cs c. Wage l evel s d. F i scal pol i cy
Whi ch of the f ol l owi ng does NOT af f ect how qui ckl y the f orces of suppl y and
demand work? a. D egree of standardi zati on of the product b. Mobi l i ty of the
d. Mobi l i ty of the parti es to the transacti on
product c. D egree of standardi zati on of the product’s pri ce d. Mobi l i ty of the
parti es to the transacti on
T he poi nt at whi ch suppl y and demand are bal anced i s known as a. hi ghest and
d. equi l i bri um.
best use. b. bal ance. c. conf ormi ty. d. equi l i bri um.
When the suppl y of a commodi ty decreases a. pri ces tend to ri se. b. pri ces tend to
a. pri ces tend to ri se.
drop. c. demand tends to ri se. d. demand tends to drop
2
, Real
Real Estate Study Guide Estate & Answers Exam Prep
Questions
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-317312
. A broker responsi bl e f or mai ntai ni ng a cl i ent’s property whi l e maxi mi zi ng i ncome
return i s a. a rental agent. b. a bui l di ng mai ntenance speci al i st. c. a property c. a property manager.
manager. d. an i nvestment counsel or
. T he study and descri pti on of the peopl e i n a communi ty i s cal l ed a. popul ati on.
b. demographi cs.
b. demographi cs. c. f ami l y l i f estyl es. d. househol ds.
. T he phrase “bundl e of l egal ri ghts” i s properl y i ncl uded i n a. the def i ni ti on of
real property. b. a l egal descri pti on. c. real estate transacti ons. d. l eases f or l ess a. the def i ni ti on of real property.
than one year.
. Whi ch of the f ol l owi ng i s NOT i ncl uded i n one’s ri ght to control thei r property?
a. T he ri ght to i nvi te peopl e on the property f or a pol i ti cal f undrai ser b. T he ri ght
b. T he ri ght to excl ude the uti l i ti es’ meter reader
to excl ude the uti l i ti es’ meter reader c. T he ri ght to erect “no trespassi ng” si gns
d. T he ri ght to enj oy pri de of ownershi p
3
, Real
Real Estate Study Guide Estate & Answers Exam Prep
Questions
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-317312
Accordi ng to l aw, a trade f i xture i s a. a f i xture. b. an easement. c. personal ty. d. a
c. personal ty.
l i cense.
K i s i nterested i n a house that f i ts most of her needs, but i t i s l ocated i n a busy
area where she i s not sure where she wants to l i ve. H er concern about the property’s
b. area pref erence.
l ocati on i s cal l ed a. physi cal deteri orati on. b. area pref erence. c. permanence of
i nvestment. d. i mmobi l i ty.
Whi ch of the f ol l owi ng i s consi dered to be personal property? a. Wood-burni ng
d. Pati o f urni ture
f i repl ace b. Awni ngs c. Bathtubs d. Pati o f urni ture
Whi ch of the f ol l owi ng i s NOT meant by the word “i mprovement”? a. Streets b. A
c. T rade f i xtures
sani tary sewer system c. T rade f i xtures d. T he f oundati on
4
Real Estate Study Guide Estate & Answers Exam Prep
Questions
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-317312
When demand decreases and suppl y remai ns the same a. pri ces tend to ri se. b.
b. pri ces tend to f al l .
pri ces tend to f al l . c. pri ces are not af f ected. d. the market becomes stagnant
A l i censed real estate prof essi onal acti ng as a poi nt of contact between two or
more peopl e i n negoti ati ng the sal e, rental or purchase of a property i s known as b. broker
a(n) a. sal es af f i l i ate. b. broker. c. property manager. d. apprai ser.
. Whi ch of the f ol l owi ng woul d NOT af f ect suppl y? a. Popul ati on b. Constructi on
A. popul ati on
costs c. Government control s d. T he l abor f orce
Whi ch of the f ol l owi ng i s NOT a category of the uses of real property? a.
b. devel opmental
Resi denti al b. D evel opmental c. Agri cul tural d. I ndustri al
1
, Real
Real Estate Study Guide Estate & Answers Exam Prep
Questions
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-317312
Whi ch of the f ol l owi ng woul d NOT af f ect demand a. Popul ati on b.
d. F i scal pol i cy
D emographi cs c. Wage l evel s d. F i scal pol i cy
Whi ch of the f ol l owi ng does NOT af f ect how qui ckl y the f orces of suppl y and
demand work? a. D egree of standardi zati on of the product b. Mobi l i ty of the
d. Mobi l i ty of the parti es to the transacti on
product c. D egree of standardi zati on of the product’s pri ce d. Mobi l i ty of the
parti es to the transacti on
T he poi nt at whi ch suppl y and demand are bal anced i s known as a. hi ghest and
d. equi l i bri um.
best use. b. bal ance. c. conf ormi ty. d. equi l i bri um.
When the suppl y of a commodi ty decreases a. pri ces tend to ri se. b. pri ces tend to
a. pri ces tend to ri se.
drop. c. demand tends to ri se. d. demand tends to drop
2
, Real
Real Estate Study Guide Estate & Answers Exam Prep
Questions
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-317312
. A broker responsi bl e f or mai ntai ni ng a cl i ent’s property whi l e maxi mi zi ng i ncome
return i s a. a rental agent. b. a bui l di ng mai ntenance speci al i st. c. a property c. a property manager.
manager. d. an i nvestment counsel or
. T he study and descri pti on of the peopl e i n a communi ty i s cal l ed a. popul ati on.
b. demographi cs.
b. demographi cs. c. f ami l y l i f estyl es. d. househol ds.
. T he phrase “bundl e of l egal ri ghts” i s properl y i ncl uded i n a. the def i ni ti on of
real property. b. a l egal descri pti on. c. real estate transacti ons. d. l eases f or l ess a. the def i ni ti on of real property.
than one year.
. Whi ch of the f ol l owi ng i s NOT i ncl uded i n one’s ri ght to control thei r property?
a. T he ri ght to i nvi te peopl e on the property f or a pol i ti cal f undrai ser b. T he ri ght
b. T he ri ght to excl ude the uti l i ti es’ meter reader
to excl ude the uti l i ti es’ meter reader c. T he ri ght to erect “no trespassi ng” si gns
d. T he ri ght to enj oy pri de of ownershi p
3
, Real
Real Estate Study Guide Estate & Answers Exam Prep
Questions
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-317312
Accordi ng to l aw, a trade f i xture i s a. a f i xture. b. an easement. c. personal ty. d. a
c. personal ty.
l i cense.
K i s i nterested i n a house that f i ts most of her needs, but i t i s l ocated i n a busy
area where she i s not sure where she wants to l i ve. H er concern about the property’s
b. area pref erence.
l ocati on i s cal l ed a. physi cal deteri orati on. b. area pref erence. c. permanence of
i nvestment. d. i mmobi l i ty.
Whi ch of the f ol l owi ng i s consi dered to be personal property? a. Wood-burni ng
d. Pati o f urni ture
f i repl ace b. Awni ngs c. Bathtubs d. Pati o f urni ture
Whi ch of the f ol l owi ng i s NOT meant by the word “i mprovement”? a. Streets b. A
c. T rade f i xtures
sani tary sewer system c. T rade f i xtures d. T he f oundati on
4
