Gold coast chapter 15
Which of the following best describes the free enterprise system?
A. A market system B. Centralized system c. Socialist system d. Communist system
A. 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
D. 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 and zoning laws
B. 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
A. A decrease in prices
In real estate market, what is a developer considered to be?
A. A lender
b. A competitor
c. A consumer
D. A supplier
D. A supplier
The mirror the real estate market experiences changes and cycles. What is the term used to
describe the phase of the market where there is not enough demand to meet current over
supply of available housing units?
A. A inflationary market
b. A buyer's market
c. A seller's market
D. An expanding market
, B. A buyer's market
two factors that affect a real estate market our supply and demand. Which of the following
would be a good indicator of the measure of supply vs demand?
A. The population of the community
B. Consumer preferences, such as number of bedrooms and bathrooms
C. The asking price of recently listed homes in the community
D. The vacancy rate within the community
D. The vacancy rate within the community
What is a correct order of the business cycle phase?
A. Expansion, trough, peak, and contraction
B. Peak, contraction, expansion, and trough
C. Expansion, peak, contraction, and trough
D. Peak, trough, expansion, and contraction
C. Expansion, peak, contraction, and trough
in which condition does market equilibrium theoretically exist?
A. When supply exceeds demand
B. When demand exceeds supply
c. When costs and prices stabilize
D. When supply and demand are in balance
D. When supply and demand are in balance
when estimating supply, it is not necessary to consider which of the following?
A. Price
B. Availability of materials
C. Availability of skilled labor
D. Availability of land
A. Price
It has been determined that the value of 3 lots, each having a value of $10,000, is $50,000
as a single track parcel. Which concept does this illustrate?
A. Attachment
b. Parceling
c. Plottage
d. Appreciation
C. Plottage
Which of the following best describes the free enterprise system?
A. A market system B. Centralized system c. Socialist system d. Communist system
A. 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
D. 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 and zoning laws
B. 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
A. A decrease in prices
In real estate market, what is a developer considered to be?
A. A lender
b. A competitor
c. A consumer
D. A supplier
D. A supplier
The mirror the real estate market experiences changes and cycles. What is the term used to
describe the phase of the market where there is not enough demand to meet current over
supply of available housing units?
A. A inflationary market
b. A buyer's market
c. A seller's market
D. An expanding market
, B. A buyer's market
two factors that affect a real estate market our supply and demand. Which of the following
would be a good indicator of the measure of supply vs demand?
A. The population of the community
B. Consumer preferences, such as number of bedrooms and bathrooms
C. The asking price of recently listed homes in the community
D. The vacancy rate within the community
D. The vacancy rate within the community
What is a correct order of the business cycle phase?
A. Expansion, trough, peak, and contraction
B. Peak, contraction, expansion, and trough
C. Expansion, peak, contraction, and trough
D. Peak, trough, expansion, and contraction
C. Expansion, peak, contraction, and trough
in which condition does market equilibrium theoretically exist?
A. When supply exceeds demand
B. When demand exceeds supply
c. When costs and prices stabilize
D. When supply and demand are in balance
D. When supply and demand are in balance
when estimating supply, it is not necessary to consider which of the following?
A. Price
B. Availability of materials
C. Availability of skilled labor
D. Availability of land
A. Price
It has been determined that the value of 3 lots, each having a value of $10,000, is $50,000
as a single track parcel. Which concept does this illustrate?
A. Attachment
b. Parceling
c. Plottage
d. Appreciation
C. Plottage
