PERRY REAL ESTATE COLLEGE UNIT 1 QUESTIONS AND ANSWERS

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PERRY REAL ESTATE COLLEGE UNIT 1 QUESTIONS AND ANSWERS

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2026/2027

Institution PERRY REAL ESTATE

Course PERRY REAL ESTATE

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Number of approximate agents in the US - ANSWER-3 Million number of homes sold in 2020 - ANSWER-5.64 million, 822,00 were new construction number of brokerage firms - ANSWER-106,548 typical time home owners live in home before selling - ANSWER-8 years average size of home - ANSWER-1900 Sq Foot

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PERRY REAL ESTATE COLLEGE UNIT 1
QUESTIONS AND ANSWERS
Number of approximate agents in the US - ANSWER-3 Million

number of homes sold in 2020 - ANSWER-5.64 million, 822,00 were new construction

number of brokerage firms - ANSWER-106,548

typical time home owners live in home before selling - ANSWER-8 years

average size of home - ANSWER-1900 Sq Foot

age of average owner - ANSWER-45

Broadest indicator of economy strength - ANSWER-Gross Domestic Product

Healthy economies show - ANSWER-increase or growth of approximately 3 Percent

increase growth = - ANSWER-Overheating economy

Healthy economy generates - ANSWER-low, stable inflation

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

REALTOR - ANSWER-Collective membership mark for members that subscribe to their
strict code of ethics

NAR founded - ANSWER-May 12, 1908 in chicago,

Number of NAR founders, board members, state associations - ANSWER-120
Founders, 19 board members, 1 State association

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Uploaded on: September 2, 2026
Number of pages: 2
Written in: 2026/2027
Type: Exam (elaborations)
Contains: Questions & answers

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PERRY REAL ESTATE COLLEGE UNIT 1 QUESTIONS AND ANSWERS

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