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Colibri Real Estate Certification Exam Questions and CORRECT Answers
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Buyer's Market - A situation in the housing market when there are many homes available for sale, but few buyers. Cost of Money - The interest rate that people or businesses must pay to use another's money for their own purposes. Economic Base - The main business or industry in an area that supports and sustains the community. Inflation - An increase in the cost of goods or services or too many people wanting too few goods. Non-Homogeneity - A characteristic of real property; each piece of land, each building, and each house is a unique piece of real estate. Also called Uniqueness or Heterogeneity
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