Real Estate Marketing Exam package deal

Real Estate MarketIn general, when the supply of a certain commodity increases, _____ tend to _____. - correct answer prices; drop Which factors primarily affects supply in the real estate market? - correct answer Governmental Monterey policy Which factor is MOST likely to influence demand for...

Real Estate Market EconomicsTHE MARKET SYSTEM Supply and demand - correct answer supply: goods or services available for sale, lease, or trade demand: goods or services desired for purchase, lease, or trade Price and value - correct answer price mechanism: quantified value of an exchange value...

Real Estate Market Analysis Chapter 7: Market DelineationMarket Delineation - correct answer The purpose of market delineation is to determine where demand comes from and which properties compete for this demand Two important aspects of market delineation - correct answer Identification of potent...

Real Estate FinanceIn a lien theory state, who holds the equitable title? A. Trustor B. Beneficiary C. Trustee D. Lender - correct answer Trustor All of the following are examples of primary market participants EXCEPT A. Commercial bank B. Credit union C. Fannie Mae D. Life insurance ...

Real Estate Finance: Chapter 12 The Secondary Mortgage Market Intro - correct answer The secondary mortgage market is designed to deal in real estate mortgages, buying them from loan originators and selling them to investors or pooling them to enlarge the markets for these types of securities. W...

Real Estate Finance Chapter 4 QuizAn investment is said to be liquid when: - correct answer it can be instantly sold. Private mortgage insurance is required on all loans that exceed what percentage of the value of a property? - correct answer 80%. FNMA and FHLMC are: - correct answer governmen...

Real Estate Finance Chapter 2 Quiz In a seller's market: - correct answer supply does not exceed demand, demand does not exceed expectations and home prices do not decline. The four phases of the business cycle are: - correct answer peak, recession, bottom, recovery. A loss of savings deposi...

Real Estate ExamProduct that a real estate sales associate must market _______ _______ - correct answer expert information The three areas of expertise that real estate licensees bring to the transaction: - correct answer 1. Knowledge of property transfer 2. Knowledge of market conditions 3. K...

Real Estate Exam Prep: Valuation and Market AnalysisSales comparison approach - correct answer Most applicable to the appraisal of vacant land and special purpose properties such as a church GRM - correct answer Used as a substitute for the income approach in the valuation of a single family home...

Real Estate Chapter QuizzesWhat are licensees expected to have expert knowledge about? - correct answer Property transfer Valuation Market conditions The real estate market is local in nature. What does this mean? A. Real estate licensees may work only in specific areas. B. Real estate l...

Real estate Chapter 61. Real estate market research is an important process used by analysts to facilitate a better understanding of a property's future profit potential. All of the following statements regarding market research are true EXCEPT: - correct answer B. Market research consists of a ser...

Real Estate Ch. 6 Factors that affect housing market segmentation include all except: a. household income b. household age c. household size d. household unemployment status e. household lifestyle - correct answer household unemployment status The process of creating a market-defining story...

PSI Real Estate Exam: Valuation And Market Analysis Amenity - correct answer A tangible or intangible feature that enhances and adds value to real estate. Arm's Length Transaction - correct answer A transaction that occurred under typical conditions in the marketplace where each of the partie...

Principles of Real Estate Chp.6-Test If commercial real estate rental prices are falling in a market, it is likely that - correct answer the market is over-supplied. The price for any product is a function of four fundamental determinants of value. These are - correct answer desire, utility, sca...

National Real Estate Exam: Valuation & market AnalysisAnticipatiotion - correct answer a purchase/sale decision based on the perceived future value. Assemblage - correct answer th act of combining 2 or more parcels Balance - correct answer occurs when supply & demand factors at the point of "...

National Real Estate Exam: Valuation & market Analysis Anticipatiotion - correct answer a purchase/sale decision based on the perceived future value. Assemblage - correct answer th act of combining 2 or more parcels Balance - correct answer occurs when supply & demand factors at the point of ...

Module 17: Lesson 3 Disadvantages of Real Estate Investment Illiquidity - correct answer An inability to convert assets into cash quickly without considerable loss. What are the principal reasons for the illiquidity of real estate investments? - correct answer 1. Real estate transactions are com...

Factors Affecting the Real Estate Market Which stage of real estate cycle is considered the bottom? - correct answer Depression Which of the following entities acts in the secondary market? - correct answer Fannie Mae In which phase of the real estate market cycle would you expect to see prop...

Chapter 15: Market Economics (Real Estate) Why are markets generally in some condition of imbalance? - correct answer The determinants of value are constantly changing, and it takes time for the market to adjust Which of the following statements best describes the relationship between price and ...

Chapter 15 - The Real Estate Markets and AnalysisWhy does real estate tend to be a long-term investment? - correct answer Land is durable and irreplaceable. Home sale prices are available to licensees in the MLS. Why are sale prices important to the interpretation of market conditions? - correct ...