PERRY REAL ESTATE COLLEGE UNIT 1 QUESTIONS & VALID CORRECT ANSWERS

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PERRY REAL ESTATE COLLEGE UNIT 1 QUESTIONS & VALID CORRECT ANSWERS

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PERRY REAL ESTATE COLLEGE UNIT 1 QUESTIONS & VALID CORRECT ANSWERS is an online professional training program designed to prepare students for a career in real estate—especially becoming a licensed real estate agent or broker.

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PERRY REAL ESTATE COLLEGE UNIT
1 QUESTIONS & VALID CORRECT
ANSWERS
Number of approximate agents in the US - Correct Answer ✔✔ 3 Million

number of homes sold in 2020 - Correct Answer ✔✔ 5.64 million, 822,00 were new
construction

number of brokerage firms - Correct Answer ✔✔ 106,548

typical time home owners live in home before selling - Correct Answer ✔✔ 8 years

average size of home - Correct Answer ✔✔ 1900 Sq Foot

age of average owner - Correct Answer ✔✔ 45

Broadest indicator of economy strength - Correct Answer ✔✔ Gross Domestic Product

Healthy economies show - Correct Answer ✔✔ increase or growth of approximately 3
Percent

increase growth = - Correct Answer ✔✔ Overheating economy

Healthy economy generates - Correct Answer ✔✔ low, stable inflation

Industries dependent on Real Estate - Correct Answer ✔✔ Construction
Interior Design
Landscaping
Mortgage Broker
Moving Services
Furniture
Pool installation
Property Management
Inspection Services
Appraisal Companies

Real Estate Agents can succeed with knowledge in understanding - Correct Answer ✔✔
Property Transfers, Market Conditions, Marketing

Considerations for Real Estate Company - Correct Answer ✔✔ Age and Gender
Composition

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Uploaded on: February 25, 2026
Number of pages: 3
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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