Real estate markets Study guides, Class notes & Summaries

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: A) township B) section C) scarcity D) nonhomogeneity nonhomogeneity The five essential elements that make a contract valid are: comp...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

Chapter 03 Financial Services: Finance Companies     
True / False Questions
  1. Finance companies differ from banks in that they do not accept deposits. 
TRUE   2. Finance companies have been among the slowest growing FI groups in recent years. 
FALSE   3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. 
TRUE   4. In 2008, GE Capital Corporation accounted for approximately 50 percent...

Ch. 9 - Real Estate Markets The real estate market is generally classified as a(n) ______________market. - correct answer imperfect Real estate is unique as an economic good in that it is - correct answer immovable "A market in which a drop in demand is accompanied by a relative oversupply and a decline in prices" is the definition of a(n) ____________ market. - correct answer depressed "A market in which product differentiation exists, there is a lack of important product or market...

Purdue ECON 252 Exam 2 Latest Update Graded A capital accumulation the growth of capital resources, including human capital. when a country saves more, this grows faster. aggregate investment savings rate x GDP political creative destruction the process in which economic growth destabilizes existing regimes and reduces the political power of rulers. creative destruction refers to the process by which new technologies replace old ones, new businesses replace established companies, and new skil...

Chapter 4 - Government Controls And Real Estate Markets Written Exam 2024. The power of state and local governments in the United States to regulate in the interest of the health, safety and welfare of citizens in general is known as: - correct answer Police powers Examples of market failure due to incomplete information about construction quality include - correct answer non-visible electrical systems once walls are closed in, inability to examine plumbing under a concrete slab floor A t...

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...

RECA Fundamentals Exam questions with correct answers 100% correctWhich of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the ...

Chapter 4 - Government Controls and Real Estate MarketsThe power of state and local governments in the United States to regulate in the interest of the health, safety and welfare of citizens in general is known as: - correct answer Police powers Examples of market failure due to incomplete information about construction quality include - correct answer non-visible electrical systems once walls are closed in, inability to examine plumbing under a concrete slab floor A type of land use that ...

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 answer Sale prices help determine pricing for new listings. Government controls influence the real estate market. Which statement below does NOT describe a government control? - correct answer the ...