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Chapter 1 The Real Estate Business Flashcards | StudBud
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Chapter 1 The Real Estate Business
Chapter 1 The Real Estate Business
15 terms
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#Realestate #prelicensing #Indiana
Flashcards
15 cards
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Questions
15
Answers
1
People in Real estate who focus on creating new properties are
Developers
Assessors
Demolition
Zoning
2
A property owner that does not want to manage a rental property can hire
A property manager
a home inspector
a developer
an appraiser
3
All of these factors will tend to affect demand for real estate EXCEPT
Transfer taxes
Demographics
Employment levels
Wage rates
4
A residential property is one that
is occupied by no more than five families
Contains a house
is used primarily for habitation
is located in a residential zone
5
Which is NOT a real estate professionals activity
Management & Maintenance
Investing
Farming
Transferring
6
Which of the following is a real estate broker most likely involved in?
Destroying Existing Improvements
Transferring Real estate ownership
Regulating use of Real Estate
Holding Real Estate
7
Different property types include the following except
Farm
Commercial
Zoning
Residential
8
All of these are examples of government policies effecting real estate except
federal environmental regulations
land use such as zoning
a shortage of skilled labor
Federal reserve boards discount rate
9
A person who advises a real estate client who is making a purchase
A mortgage broker
A subdivider
An educator
A counselor
10
When a population of a town suddlenly increases which of these molt likes to occur
Rental rates will fall out to increased competition
real estate prices will increase
New housing starts will decrease
Demand for housing will decrease
11
When the supply of a commodity decreases while demand stays the same the price will
decrease by 20%
decrease by 10%
remain same
increase
12
Real Estate Agents can specialize by
Areas divided by competition
Geographic Location
By commission amount
13
Office buildings and retail space are examples of
Special Use
Commercial real estate
Residential
Industrial Property
14
Which of the following professionals are concerned with finding a buyer for a seller?
Appraiser
Broker or Agent
Property Manager
Assessor
15
The idea that no two parcels are alike is called
Government controls
Labor force
Location
Uniqueness