EXAM QUESTIONS & CORRECT
ANSWERS
The regulation of money through the Federal Reserve Board. - Correct Answer ✔✔
Economic, government
The property's exact position in a neighborhood, city, and region. - Correct Answer ✔✔
Physical
The buyer's tastes and standards based on lifestyle. - Correct Answer ✔✔ Social
The main industry of an area - Correct Answer ✔✔ Economic
General trends of buyers toward one city or area over another. - Correct Answer ✔✔
Social
The Fed's plan for spending and debt management. - Correct Answer ✔✔ Economic
The relative supply of available houses. - Correct Answer ✔✔ Economic, social
Tax breaks and other tax policies - Correct Answer ✔✔ Government
Trends such as single-parent households or empty nest households - Correct Answer
✔✔ Social
The topography of the area. - Correct Answer ✔✔ Physical
The presence of or lack of water. - Correct Answer ✔✔ Physical
The current interest rate - Correct Answer ✔✔ Economic, government
The availability of schools in the area - Correct Answer ✔✔ Social
The opening of a new corporate headquarters - Correct Answer ✔✔ Economic
Empty nesters looking to downsize - Correct Answer ✔✔ Social
In general, a real estate licensee may NOT accept compensation for selling _________
on behalf of a client. - Correct Answer ✔✔ Securities