CALIFORNIA REAL ESTATE EXAM QUESTIONS AND CORRECT DETAILED ANSWERS.

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CALIFORNIA REAL ESTATE EXAM QUESTIONS AND CORRECT DETAILED ANSWERS.

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2024/2025

Institution California Real Estate Principles

Course California real estate principles

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CALIFORNIA REAL ESTATE EXAM QUESTIONS AND CORRECT DETAILED ANSWERS.

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CALIFORNIA REAL ESTATE EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS.

The value of all assets minus all liabilities. - ans -Net Worth

The increase in market value of real estate. - ans -Appreciation

The increase in the general price level of goods and services. - ans –Inflation

An economic system, in which most of the economy's resources are privately
owned. - ans -Capitalism

A large, densely populated metropolitan area consisting of a number of major
urban areas and smaller surrounding cities is called a: - ans -megalopolis

An economic system in which most of the economy's resources are privately
owned and managed is called: - ans -capitalism

The increase in market value of real estate defines: - ans -appreciation

A decrease in purchasing power of the dollar describes: - ans -inflation

The real estate housing market is influenced by: - ans -the inventory of available
housing, the affordability of housing, and mortgage interest rates

The best housing market would be created by all of the following, except: - ans -a
low affordability index

In California, to work as a real estate salesperson or broker you must have: - ans -
a real estate license issued by the California Bureau of Real Estate

The price that is middle value of a sample of sales, with one-half of the sales
below and one-half of the sales above. - ans -Median home price

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Uploaded on: April 9, 2025
Number of pages: 2
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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