©FYNDLAY 2024/2025 ALL RIGHTS RESERVED.
FI 334 Grayson Glaze, Test 1 Questions And
Answers 100% Verified And Updated.
What is IREM? When was it founded? - Answer✔Institute of Real Estate Management, founded
in 1933
What is RTC? When was it founded? - Answer✔Resolution Trust Corporation, founded in 1989
What does CPM stand for? - Answer✔Certified Property Manager
What did the government create in the 80s to help us get out of crisis? - Answer✔Tax Reform
act of 1980
What happened in the 20s that created real estate management, when property managers hired
real estate managers - Answer✔The owners would buy properties in different cities and need
people in the cities with the property to manage the property
Great depression- what did it mark? - Answer✔Banks started owning a lot of rental properties
and needed experts to manage the property.
What is supply? - Answer✔The availability of goods and services
What is demand? - Answer✔The availability of purchases for a given amount of goods or
services
Definiton of price? - Answer✔Amount of money required in exchange for a unit of the item
What determines price? - Answer✔Market factors
When supply is less than demand, prices... - Answer✔Rise
When supply exceeds demand, prices.. - Answer✔Fall
What is the business cycle? - Answer✔The various periods of inflation and deflation of an
economy
What are the 4 stages of business cycle? - Answer✔-Recession
-Depression
-Recovery
-Prosperity
1|Page
FI 334 Grayson Glaze, Test 1 Questions And
Answers 100% Verified And Updated.
What is IREM? When was it founded? - Answer✔Institute of Real Estate Management, founded
in 1933
What is RTC? When was it founded? - Answer✔Resolution Trust Corporation, founded in 1989
What does CPM stand for? - Answer✔Certified Property Manager
What did the government create in the 80s to help us get out of crisis? - Answer✔Tax Reform
act of 1980
What happened in the 20s that created real estate management, when property managers hired
real estate managers - Answer✔The owners would buy properties in different cities and need
people in the cities with the property to manage the property
Great depression- what did it mark? - Answer✔Banks started owning a lot of rental properties
and needed experts to manage the property.
What is supply? - Answer✔The availability of goods and services
What is demand? - Answer✔The availability of purchases for a given amount of goods or
services
Definiton of price? - Answer✔Amount of money required in exchange for a unit of the item
What determines price? - Answer✔Market factors
When supply is less than demand, prices... - Answer✔Rise
When supply exceeds demand, prices.. - Answer✔Fall
What is the business cycle? - Answer✔The various periods of inflation and deflation of an
economy
What are the 4 stages of business cycle? - Answer✔-Recession
-Depression
-Recovery
-Prosperity
1|Page
