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