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Colibri Real Estate Key Predicted Questions And Correct Answers
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Buyer's Market A situation in the housing market when there are many homes available for sale, but few buyers. Cost of Money The interest rate that people or businesses must pay to use another's money for their own purposes. Economic Base The main business or industry in an area that supports and sustains the community. Inflation An increase in the cost of goods or services or too many people wanting too few goods. Non-Homogeneity A characteristic of real property; each piece of land, each building, and each house is a unique piece of real estate. Also called Uniqueness or Heterogeneity.
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