Real Estate Practice Test Unit 1 With Corre
The cBEST cway cfor cowners cto cdetermine cthe cmarket cvalue cof ctheir chome cis cto.
A)get can cappraisal.
B)have ca cbroker cprepare ca cCMA.
C)ask ca clender chow cmuch cthey ccan cborrow cagainst cthe cproperty.
D)check cthe cassessor's coffice. c- cCORRECT cANS✔✔A. cGet can cappraisal
Which cfactor cprimarily caffects csupply cin cthe creal cestate cmarket?
A)Governmental cmonetary cpolicy
B)Demographics
C)Employment
D)Population c- cCORRECT cANS✔✔A. cgovernmental cmonetary cpolicy
A cperson cwho cperforms ca cvisual csurvey cof ca cproperty cstructure cand cwrites ca creport cfor ca cbu
A)a cproperty cmanager.
B)an ceducator.
C)an cappraiser.
D)a chome cinspector. c- cCORRECT cANS✔✔D. ca chome cinspector
Which cof cthe cfollowing cdoes cNOT caffect cdemand?
A)Wage clevels
B)Demographics
C)Population
D)Monetary cpolicy c- cCORRECT cANS✔✔D. cMonetary cpolicy
Detailed cinformation cabout cthe cage, ceducation, cbehavior, cand cother ccharacteristics cof cmember
ccalled.
A)household cdata.
B)demographics.
C)population canalysis.
D)family clifestyles. c- cCORRECT cANS✔✔B. cDemographics
Which cof cthe cfollowing cstatements cis cTRUE cabout cthe creal cestate cindustry?
A)It cis csmall cand cnot cvery ccomplex.
, When cthe csupply cof ca ccertain ccommodity cdecreases cwhile cdemand cremains cthe csame, cthe cpr
ctend cto.
A)remain cthe csame.
B)increase.
C)decrease csignificantly.
D)decrease cslightly. c- cCORRECT cANS✔✔B. cincrease
A cperson cor ccompany cresponsible cfor cmaintaining ca cclient's cproperty cand cmaximizing cthe cretu
cis cserving cas.
A)a cproperty cmanager.
B)an cinvestment ccounselor.
C)a crental cagent.
D)a cbuilding cmaintenance cspecialist. c- cCORRECT cANS✔✔A. ca cproperty cmanager.
When cthe csupply cof ca ccommodity cdecreases cwhile cdemand cremains cthe csame, cprice ctends cto
A)rise.
B)go cin cthe cdirection cof csupply.
C)drop.
D)be cunaffected. c- cCORRECT cANS✔✔A. crise
Schools cwould cbe cconsidered cpart cof cwhich creal cestate cclassification?
A)Industrial
B)Special cpurpose
C)Residential
D)Commercial c- cCORRECT cANS✔✔B. cspecial cpurpose
The cscope cof cthe cproperty cmanager's cwork cdepends con cthe cterms cof cthe cindividual cemploym
A)a cproperty cagreement.
B)a cperformance ccontract.
C)a cmanagement cagreement.
D)an cemployment cagreement. c- cCORRECT cANS✔✔C. ca cmanagement cagreement
In cmany cstates, cthe creal cestate csales cassociate cis
A)a cmanaging cbroker.
B)an cunlicensed cindividual cauthorized cby can cemploying cbroker cto cconduct cbrokerage cactivities
C)a clicensed creal cestate csalesperson.
D)an cindividual clicensed cto cbuy, csell, cexchange, cor clease creal cproperty cfor cothers. c- cCORREC
cestate csalesperson
A chighrise cdevelopment cthat cincludes coffice cspace, cstores, ctheaters, cand capartment cunits cis ca
A)proprietary clease cproperties.
B)special ccluster czoning.
C)mixed-use cdevelopment.
D)planned cunit cdevelopment. c- cCORRECT cANS✔✔C. cMixed-use cdevelopment
A cmajor cmanufacturer cof cautomobiles cannounces cthat cit cwill crelocate cone cof cits cfactories, calon
csmall ctown. cWhat ceffect cwill cthis cannouncement cMOST clikely chave con cthe csmall ctown's chous
A)The cannouncement cinvolves can cindustrial cproperty; cresidential chousing cwill cnot cbe caffected.
B)Because cthe cannouncement cinvolves can cissue cof cdemographics, cnot cof csupply cand cdemand
csame.
C)Houses cwill clikely cbecome cless cexpensive.
D)Houses cwill clikely cbecome cmore cexpensive. c- cCORRECT cANS✔✔D. cHouses cwill clikely cbeco
Property cmanagement, cappraisal, cfinancing, cand cdevelopment care call.
A)demographic cfactors cthat caffect cdemand cfor creal cproperty cin ca ccommercial cmarket.
The cBEST cway cfor cowners cto cdetermine cthe cmarket cvalue cof ctheir chome cis cto.
A)get can cappraisal.
B)have ca cbroker cprepare ca cCMA.
C)ask ca clender chow cmuch cthey ccan cborrow cagainst cthe cproperty.
D)check cthe cassessor's coffice. c- cCORRECT cANS✔✔A. cGet can cappraisal
Which cfactor cprimarily caffects csupply cin cthe creal cestate cmarket?
A)Governmental cmonetary cpolicy
B)Demographics
C)Employment
D)Population c- cCORRECT cANS✔✔A. cgovernmental cmonetary cpolicy
A cperson cwho cperforms ca cvisual csurvey cof ca cproperty cstructure cand cwrites ca creport cfor ca cbu
A)a cproperty cmanager.
B)an ceducator.
C)an cappraiser.
D)a chome cinspector. c- cCORRECT cANS✔✔D. ca chome cinspector
Which cof cthe cfollowing cdoes cNOT caffect cdemand?
A)Wage clevels
B)Demographics
C)Population
D)Monetary cpolicy c- cCORRECT cANS✔✔D. cMonetary cpolicy
Detailed cinformation cabout cthe cage, ceducation, cbehavior, cand cother ccharacteristics cof cmember
ccalled.
A)household cdata.
B)demographics.
C)population canalysis.
D)family clifestyles. c- cCORRECT cANS✔✔B. cDemographics
Which cof cthe cfollowing cstatements cis cTRUE cabout cthe creal cestate cindustry?
A)It cis csmall cand cnot cvery ccomplex.
, When cthe csupply cof ca ccertain ccommodity cdecreases cwhile cdemand cremains cthe csame, cthe cpr
ctend cto.
A)remain cthe csame.
B)increase.
C)decrease csignificantly.
D)decrease cslightly. c- cCORRECT cANS✔✔B. cincrease
A cperson cor ccompany cresponsible cfor cmaintaining ca cclient's cproperty cand cmaximizing cthe cretu
cis cserving cas.
A)a cproperty cmanager.
B)an cinvestment ccounselor.
C)a crental cagent.
D)a cbuilding cmaintenance cspecialist. c- cCORRECT cANS✔✔A. ca cproperty cmanager.
When cthe csupply cof ca ccommodity cdecreases cwhile cdemand cremains cthe csame, cprice ctends cto
A)rise.
B)go cin cthe cdirection cof csupply.
C)drop.
D)be cunaffected. c- cCORRECT cANS✔✔A. crise
Schools cwould cbe cconsidered cpart cof cwhich creal cestate cclassification?
A)Industrial
B)Special cpurpose
C)Residential
D)Commercial c- cCORRECT cANS✔✔B. cspecial cpurpose
The cscope cof cthe cproperty cmanager's cwork cdepends con cthe cterms cof cthe cindividual cemploym
A)a cproperty cagreement.
B)a cperformance ccontract.
C)a cmanagement cagreement.
D)an cemployment cagreement. c- cCORRECT cANS✔✔C. ca cmanagement cagreement
In cmany cstates, cthe creal cestate csales cassociate cis
A)a cmanaging cbroker.
B)an cunlicensed cindividual cauthorized cby can cemploying cbroker cto cconduct cbrokerage cactivities
C)a clicensed creal cestate csalesperson.
D)an cindividual clicensed cto cbuy, csell, cexchange, cor clease creal cproperty cfor cothers. c- cCORREC
cestate csalesperson
A chighrise cdevelopment cthat cincludes coffice cspace, cstores, ctheaters, cand capartment cunits cis ca
A)proprietary clease cproperties.
B)special ccluster czoning.
C)mixed-use cdevelopment.
D)planned cunit cdevelopment. c- cCORRECT cANS✔✔C. cMixed-use cdevelopment
A cmajor cmanufacturer cof cautomobiles cannounces cthat cit cwill crelocate cone cof cits cfactories, calon
csmall ctown. cWhat ceffect cwill cthis cannouncement cMOST clikely chave con cthe csmall ctown's chous
A)The cannouncement cinvolves can cindustrial cproperty; cresidential chousing cwill cnot cbe caffected.
B)Because cthe cannouncement cinvolves can cissue cof cdemographics, cnot cof csupply cand cdemand
csame.
C)Houses cwill clikely cbecome cless cexpensive.
D)Houses cwill clikely cbecome cmore cexpensive. c- cCORRECT cANS✔✔D. cHouses cwill clikely cbeco
Property cmanagement, cappraisal, cfinancing, cand cdevelopment care call.
A)demographic cfactors cthat caffect cdemand cfor creal cproperty cin ca ccommercial cmarket.
