Gold coast chapter 15 with correct answers 2024/2025

Gold coast chapter 15Which 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