CE SHOP UNIT 1 EXAM QUESTIONS
AND ANSWERS
Population has shifted from the center of the country to - Answer-the west and the south
Population moves in search of - Answer-prosperity (a function of innovation).
Consumer confidence is typically high preceding recessions; it has faltered in - Answer-
2020
How does rising interest rates affect the real estate market? - Answer-Negatively
The real estate industry depends on the - Answer-availability of reasonably priced
capital
The consumer debt burden (especially education and auto loans) means - Answer-
borrowers have less credit available to them.
Broker - Answer-Can receive compensation directly from buyers or sellers
Responsible for the acts of all licensees who work under them - Answer-Broker
May be an employee or an independent contractor - Answer-Sales Associate
Residential - Answer-Property with four or fewer residential units or agricultural property
with 10 or fewer acres
Commercial - Answer-Income-producing Properties, such as retail stores, office
buildings, shopping centers, and residential property of more than four units
Industrial - Answer-Factories, warehouses, industrial districts
Agricultural - Answer-Farms, timberland, ranches, orchards
Businesses - Answer-Sale, purchase, or lease of businesses
Does Specialization require additional education? - Answer-No, but it does require
expertise with types of sales.
Brokers and sales associates may specialize in any of these sales specialties. -
Answer-Residential
Commercial
Industrial
Agricultural
AND ANSWERS
Population has shifted from the center of the country to - Answer-the west and the south
Population moves in search of - Answer-prosperity (a function of innovation).
Consumer confidence is typically high preceding recessions; it has faltered in - Answer-
2020
How does rising interest rates affect the real estate market? - Answer-Negatively
The real estate industry depends on the - Answer-availability of reasonably priced
capital
The consumer debt burden (especially education and auto loans) means - Answer-
borrowers have less credit available to them.
Broker - Answer-Can receive compensation directly from buyers or sellers
Responsible for the acts of all licensees who work under them - Answer-Broker
May be an employee or an independent contractor - Answer-Sales Associate
Residential - Answer-Property with four or fewer residential units or agricultural property
with 10 or fewer acres
Commercial - Answer-Income-producing Properties, such as retail stores, office
buildings, shopping centers, and residential property of more than four units
Industrial - Answer-Factories, warehouses, industrial districts
Agricultural - Answer-Farms, timberland, ranches, orchards
Businesses - Answer-Sale, purchase, or lease of businesses
Does Specialization require additional education? - Answer-No, but it does require
expertise with types of sales.
Brokers and sales associates may specialize in any of these sales specialties. -
Answer-Residential
Commercial
Industrial
Agricultural
