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Exam (elaborations)

CE Shop Unit 1 Exam Questions and Answers

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  • Course
  • The CE shop real estate
  • Institution
  • The CE Shop Real Estate

As a licensee, you won't be flying solo; you'll be supervised by - Answer-your broker What are the steps of real estate - Answer-Planning Construction Buying/Selling Moving Living Planning - Answer-In this process a vacant lot, seen with an eye for development. Engineers, architects, surv...

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  • August 27, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • The CE shop real estate
  • The CE shop real estate
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lectknancy
CE Shop Unit 1 Exam Questions and
Answers
As a licensee, you won't be flying solo; you'll be supervised by - Answer-your broker

What are the steps of real estate - Answer-Planning
Construction
Buying/Selling
Moving
Living

Planning - Answer-In this process a vacant lot, seen with an eye for development.
Engineers, architects, surveyors, and utility workers are involved.

Construction - Answer-In this process general contractor takes out a loan to order
materials and hire sub contractors to grade the land lay the foundation and add framing.
Major systems are added like electricity, HVAC, and plumbing.

Buying/Selling - Answer-In this process real estate professionals are needed to list the
property and represent the buyers.

Buyers keep who busy? - Answer-In this process lenders, title companies, appraisers,
and home inspectors.

Moving - Answer-In this process new furnishings, appliances, landscaping and decor
are purchased.

Living - Answer-In this process new owners may install security systems, and set up
subscriptions to mail, newspaper, and cable. Their children attend school and take part
in recreational activities.

Top 10 issues affecting real estate - Answer-1. Infrastructure
2. Housing in America
3. Weather and climate-related risks
4. Technology
5. The economy
6. Politics
7. Capital market risk
8. Population migration
9. Volatility and confidence
10. Public and private indebtedness

Economic growth (and real estate values) depend on - Answer-A healthy infrastructure
(e.g. buildings, roads, power supplies

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