Fundamentals of Real Estate 56 questions and correct detailed answers 2023/2024 update

Fundamentals of Real Estate 56 questions and
correct detailed answers 2023/2024 update

real estate - ANSWER---Land and fixed improvements


residential property - ANSWER---Used as dwellings for one or
more occupants, can be owned, rented or leased.


Recreational Property - ANSWER---land used for leisure
activities, such as parks, forests, time-shares and campgrounds


commercial property - ANSWER---Business property, including
office space, shopping centers, stores, theaters, hotels, and
parking facilities


industrial property - ANSWER---Warehouses, factories, land in
industrial districts, and power plants


Retail Property - ANSWER---Includes storefronts, shopping
centers, malls


Institutional Property - ANSWER---Buildings with a specialized
use, schools, laboratories, hospitals, government buildings


Agricultural Property - ANSWER---A building designed and
constructed to house farm implements, hay, grain, poultry,

, Fundamentals of Real Estate 56 questions and
correct detailed answers 2023/2024 update

livestock or other horticultural products. Considered rural real
estate


What are the 4 real estate sectors - ANSWER---Residential
Rural
Commercial
Property Management


Classes of Real Estate Professionals - ANSWER---Associate
Brokers Associate
Broker
Brokerage


Fixed Real Estate - ANSWER---immobile


Decrease interest rates = - ANSWER---higher demand


GDP - ANSWER---Gross Domestic Product


spending+investment+government spending + (exports-imports)