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Real Estate Exam Summary > Chapter 15 > Flashcards

Chapter 15 Flashcards

1
Q

Real Estate are

A

Indestructible
Long term investment
Non homogeneous
Land does not depreciate, only improvements depreciate

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2
Q

Government interference in Real Property is known as

A 
PETE or
Police Power
Escheat
Taxation
Eminent Domain
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3
Q

Real Estate demand is influenced by

A 
Price of real estate in the area
Population of household competition
Income of consumers
Availability of mortgage credit
Consumer taste or preferences
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4
Q

Real Estate supply is influenced by

A

Availability of skilled labor
Availability of construction loans and financing
Availability of land
Availability of materials

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5
Q

Market condition indicators

A 
Price levels
Vacancy rates
Sales volume
Area preference
Market adjustment
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6
Q

Three major indicators in the real estate market are

A

Vacancy rates - too high means too little movement

Prices/Sales information

Building Permits

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Real Estate Exam Summary (23 decks)

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