GFEBS Exam 2 real estate Exam with precise detailed answers

GFEBS Exam 2 real estate Exam with ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




precise detailed answers ||\\//|| ||\\//||




households with the greatest number of commuting workers - correct answer✔✔In a ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




system of bid-rent curves, assuming that households are identical except for the feature
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noted, which of these prospective bidders will bid successfully for the sites nearest to the
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CBD?



multi-state regional sales office - correct answer✔✔The best example of a base economic ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




activity would be a: ||\\//|| ||\\//|| ||\\//||




unemployment rate - correct answer✔✔Important supply factors affecting a city's growth or ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




growth potential include all of the following except the:
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larger - correct answer✔✔The economic base multiplier of a city tends to be greater if the
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city is: ||\\//||




industry economies of scale - correct answer✔✔A large university is an example of what ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




kind of economic phenomenon? ||\\//|| ||\\//|| ||\\//||




faster travel time - correct answer✔✔Which of these influences will decrease the level of a
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bid-rent curve at the center of the city? ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




All of the choices are correct.
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-They tend to reduce risks in real estate. ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




-They result from demand created by multiple industries.
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, -They occur in larger cities. ||\\//|| ||\\//|| ||\\//|| ||\\//||




-They create a readily available supply of highly specialized goods and labor. - correct
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answer✔✔Which statements are true about agglomeration economies? ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




linkages - correct answer✔✔Spatial or distance relationships that are important to a land
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use are called its:
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transportation modes intersect or change. - correct answer✔✔Cities have tended to grow ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




where:



demand for access or proximity. - correct answer✔✔The "gravity" that draws economic
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activity into clusters is: ||\\//|| ||\\//|| ||\\//||




What is the price? - correct answer✔✔The process of creating a market-defining story
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includes all of these questions except: ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




household unemployment status. - correct answer✔✔Factors that affect housing market ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




segmentation include all except: ||\\//|| ||\\//|| ||\\//||




nature of the property. - correct answer✔✔The approach to real estate market research
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advocated in this chapter starts with the: ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




creating a market-defining story. - correct answer✔✔The cycle of real estate market
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research starts with: ||\\//|| ||\\//||




data on job location from the National Transportation Board. - correct answer✔✔Data used
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in the market research cases in this chapter that are publicly available over the Internet
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include all of the following except: ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||