45 hour real estate pa Exam Questions & Answers
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Terms in this set (612)
Real estate is a relatively it cannot always be readily sold for cash
illiquid economic product,
meaning:
it cannot always be readily
sold for cash.
it is influenced by
economic factors.
it is in high demand.
it follows growth patterns.
In real estate, supply is the residential real estate.
amount of property
available for sale or lease
at any given time. Note
that supply is generally
not the number of
properties available,
except in the case of:
industrial real estate.
residential real estate.
land.
commercial real estate.
,How do the elements of In a continuous manner
supply, demand, and price
interact in a market?
In a continuous manner
In a balanced state
In opposite forces
In opposing forces
Real estate is classified as: illiquid assets.
liquid assets.
illiquid assets.
moveable assets.
secondary assets.
What is the utility feature To drive nails
of a hammer?
To drive nails
To increase sales
To reduce expenses
To cut pipe
What is the primary force Employment
that moves the real estate
market?
Government
Market Forecasts
Employment
Deficit Spending
,In recent years, the local economy.
international economic
trends have increasingly
influenced local real
estate markets,
particularly in border
states, large metropolitan
areas, and in markets
where the economic base
is tied to foreign trade. In
these instances, currency
fluctuations have
significant impact on:
the global economy.
the local economy.
foreign economy.
the national economy.
If demand increases price increases.
relative to supply:
supply remains the same.
price remains the same.
price decreases.
price increases.
The third critical element scarcity
of value is a product's
availability in relation to
demand. This is known as:
equilibrium.
scarcity.
absorption.
utility.
, What is it called when Market Equilibrium
supply equals demand
and price, cost, and value
are identical?
Market Balance
Fair Market
Market Equilibrium
Free Market
What sources are used to Base, secondary, and support industries
determine total
employment?
Basic, military, and
ancillary industries
Secondary and support
industries
Base, secondary, and
support industries
First tier, second tier and
support industries
Which set of actions Supply and Demand
produces price
movements in real estate?
Supply and Demand
Cash flow and Spending
Expenses and
Deregulation
Spending and Saving
100% Verified (Grade A+)
Save
Terms in this set (612)
Real estate is a relatively it cannot always be readily sold for cash
illiquid economic product,
meaning:
it cannot always be readily
sold for cash.
it is influenced by
economic factors.
it is in high demand.
it follows growth patterns.
In real estate, supply is the residential real estate.
amount of property
available for sale or lease
at any given time. Note
that supply is generally
not the number of
properties available,
except in the case of:
industrial real estate.
residential real estate.
land.
commercial real estate.
,How do the elements of In a continuous manner
supply, demand, and price
interact in a market?
In a continuous manner
In a balanced state
In opposite forces
In opposing forces
Real estate is classified as: illiquid assets.
liquid assets.
illiquid assets.
moveable assets.
secondary assets.
What is the utility feature To drive nails
of a hammer?
To drive nails
To increase sales
To reduce expenses
To cut pipe
What is the primary force Employment
that moves the real estate
market?
Government
Market Forecasts
Employment
Deficit Spending
,In recent years, the local economy.
international economic
trends have increasingly
influenced local real
estate markets,
particularly in border
states, large metropolitan
areas, and in markets
where the economic base
is tied to foreign trade. In
these instances, currency
fluctuations have
significant impact on:
the global economy.
the local economy.
foreign economy.
the national economy.
If demand increases price increases.
relative to supply:
supply remains the same.
price remains the same.
price decreases.
price increases.
The third critical element scarcity
of value is a product's
availability in relation to
demand. This is known as:
equilibrium.
scarcity.
absorption.
utility.
, What is it called when Market Equilibrium
supply equals demand
and price, cost, and value
are identical?
Market Balance
Fair Market
Market Equilibrium
Free Market
What sources are used to Base, secondary, and support industries
determine total
employment?
Basic, military, and
ancillary industries
Secondary and support
industries
Base, secondary, and
support industries
First tier, second tier and
support industries
Which set of actions Supply and Demand
produces price
movements in real estate?
Supply and Demand
Cash flow and Spending
Expenses and
Deregulation
Spending and Saving
