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1 - Introduction to the Real Estate Business Flashcards | StudBud
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1 - Introduction to the Real Estate Business
1 - Introduction to the Real Estate Business
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Introduction to the Real Estate Business
Flashcards
11 cards
F
Practice quiz
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Host live
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Questions
11
Answers
1
18 hours of Continuing Education is required to maintain your Nebraska license...
Every two years
Every ten years
Every five years
Every year
2
Population, Demographics and Employment levels are factors that affect:
Supply
Demand
3
The amount of ownership in a property is also called:
Leverage
Outstanding mortgage balance
Equity
Control
4
A member of the National Association of REALTORS® is called...
a REALTOR®
Licensed real estate agent
Broker
A Pretty Cool Cat
5
Prices will usually __________ as demand increases relative to supply.
Remain Steady
Decrease
Increase
6
Home inspection services are licensed in Nebraska
False
True
7
Real Estate Investment
is not worth your time
is too much work
is always guaranteed to make money
Can be risky
8
A type of property where owners own a share of the property and not an individual unit
Cooperative
Playhouse
Condominium
Apartment
9
Managing real estate to protect the owner's investment is called...
Micromanaging
Landlording
Property Management
Dabbling
10
A specific setting in which goods are bought and sold
Brokerage
Economy
Shopping Mall
Market
11
Properties that allow commercial and residential uses in the same building are called...
Special Purpose
Commercial
Mixed up
Mixed Use