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Gold coast schools real estate chapter 15 questions with 100% correct answers

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Gold coast schools real estate chapter 15 questions

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Gold coast schools real estate chapter 15 questions
Which of the following best describes the free enterprise system?
a. A market system b. A centralized system c. A socialist system d. A communist system - answersa. A market system
All of the following statements apply to the real estate market, EXCEPT:a. Situs value is
value resulting from location. b. Real estate is immobile c. Each parcel of real estate is unique. d. The real estate market is national in nature. - answersd. The real estate market is national in nature.
How does the real estate market react to shifts in consumer demand? a. Rapidly b. Slowly c. Not at all d. Through changes in zoning laws - answersb. Slowly
Which of the following market factors will typically result in increased demand? a. A decrease in prices b. A decrease in income c. An increase in mortgage interest rates d. A decrease in population - answersa. A decrease in prices
In the real estate market, what is a developer considered to be? a. A lender b. A competitor
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