Rhode Island Real Estate Sales License Exam Study Guide with Certified Solutions | Verified | Latest Update 2024 | Graded A+

Rhode Island Real Estate Sales License Exam Study Guide with Certified Solutions | Verified | Latest Update 2024 | Graded A+ Deed of Trust Loan Deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan Factors influencing real estate supply - Labor force availability - Construction and material costs - Government controls - Govt. financial policies Factors influencing real estate demand - Population - Demographics - Employment and wage levels Realtor Member of the National Association of Realtors Schools are part of what real estate classification Special purpose Uses of Real Property - Residential - Commercial - Mixed-Use - Industrial - Special Purpose What is not a factor in how quickly the forces of supply and demand work Pricing Improvements do not include: - Shrubbery - Trees - Lawns Real property includes: - Interests - Benefits - Rights that are automatically included in the ownership of land and real estate Bundle of Legal Rights, as part of Real Property, include: Right of: - Possession - Control - Enjoyment - Exclusion - Disposition Title