Gold Coast Chapter 1: fully solved graded A+ 2024/2025

Gold Coast Chapter 1:Some economists estimate that close to (blank) of the country's gross domestic product (GDP) is related to the real estate industry. - correct answer 1/3 What is a brokerage? - correct answer A brokerage is a business in which real estate-related activities are performed under the authority of a licensed real estate broker. Licensees are expected to have expert knowledge in the following areas: - correct answer Property transfer, valuation and market conditions, and marketing. Referrals from past customers are an important source of future business. Therefore: - correct answer Consistent and repeated follow-up with customers is key to maintaining good relationships and obtaining new prospects. Define "Farming": - correct answer Concentrating on one type or style of property or on one particular neighborhood. Define "Comparative market analysis or (CMA)": - correct answer A value estimate based on recent sales of similar properties in the same neighborhood. **This is not the same as an appraisal. Industrial properties include: - correct answer Warehouses and manufacturing facilities. Owners who buy income property as investments and depend on professionals to manage them are called: - correct answer Absentee Owners.