PERRY REAL ESTATE COLLEGE UNIT 1 TEST
QUESTIONS AND ANSWERS
The approximate number of agents in the United States is three million.
ANSWER: Of the 5.64 million residences sold in 2020, 822,00 were brand-
new.
106,548 is the number of broking firms.
ANSWER 8 years is the average amount of time homeowners stay in their
homes before selling.
The average home size is 1900 square feet.
The average owner's age is 45.
The most comprehensive measure of economic health is the ANSWER Gross
Domestic Product.
A ANSWER increase or growth of roughly 3% is indicative with healthy
economies.
growth increase = -ANSWER The economy is overheating.
A robust economy produces ANSWER mild, steady inflation.
Real estate-dependent industries include ANSWER Construction, Interior
Design, and Landscaping.
Mortgage Moving Broker Services
Installation of Furniture, Pool, Property Management, Inspection, and Appraisal
Services Businesses
QUESTIONS AND ANSWERS
The approximate number of agents in the United States is three million.
ANSWER: Of the 5.64 million residences sold in 2020, 822,00 were brand-
new.
106,548 is the number of broking firms.
ANSWER 8 years is the average amount of time homeowners stay in their
homes before selling.
The average home size is 1900 square feet.
The average owner's age is 45.
The most comprehensive measure of economic health is the ANSWER Gross
Domestic Product.
A ANSWER increase or growth of roughly 3% is indicative with healthy
economies.
growth increase = -ANSWER The economy is overheating.
A robust economy produces ANSWER mild, steady inflation.
Real estate-dependent industries include ANSWER Construction, Interior
Design, and Landscaping.
Mortgage Moving Broker Services
Installation of Furniture, Pool, Property Management, Inspection, and Appraisal
Services Businesses
