Chapter one

chapter-one

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1824

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A professional estimate of a property's market value, based on established methods and using trained judgement is preformed by a

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1825

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In general, when the supply of certain commodity increases,

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1826

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Which factor primarily affects supply in the real estate market?

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1827

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Which foactor is MOST likely to influence demand for real estate?

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1828

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Poperty management, appraisal, financing, and development are all examples of

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1829

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A Reltor is BEST described as an individual who is

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1830

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A major manufacturer of automobies announces that is will relocate on of its factories, along with 2,000 employees, to a small town. What effect will this announcement MOST likely have on the small town housing market?

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1831

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A licensee who has several years of experience in the industry decided to retire from actively marketing properties. Now this licensee helps clients choose among the various alernatives involved in purchasing, using, or investing in property. What is this lecensee's profession?

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1832

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The words broker and Realtor are

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1833

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Schools would be considered part of which real estate classification?

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1834

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When demand for a commodity decreases and supply remains the same,

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1835

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A licensed real estate professional acting as a point of contact between two or more people in negotating the sale, rental, or purchase of a property is known as a(n)

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1836

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All of the following would affect supply EXCEPT

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1837

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All of the following are categories of the uses of real property EXCEPT

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1838

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All of the following would affect demand EXCEPT

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