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
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
