Skip to content

Have any questions?
Email Us
Profile

Login / Register

Search

Courses
- Florid Real Estate FREC Approved Pre and Post Licensing Courses
Student Resources
Blog
About Us
Contact

Courses
- Florid Real Estate FREC Approved Pre and Post Licensing Courses
Student Resources
Blog
About Us
Contact

Facebook Twitter Linkedin Instagram

CHAPTER FIFTEEN QUIZ

Time limit: 0

Quiz Summary

0 of 14 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 14 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

1
2
3
4
5
6
7
8
9
10
11
12
13
14

Current
Review
Answered
Correct
Incorrect

Question 1 of 14

1. Question
A local government could stimulate the real estate market by
- increasing labor costs and curbing the money supply.
- increasing taxes and interest rates.
- declaring a moratorium on construction.
- expanding the sewer system.
Correct

Incorrect
Question 2 of 14

2. Question
A construction boom in a market is an indication that prices
- have been increasing.
- have been declining.
- have been in equilibrium.
- have exceeded supply.
Correct

Incorrect
Question 3 of 14

3. Question
Price is best described as
- what suppliers charge for goods and services.
- the amount of money consumers are willing to pay for a product or service.
- the amount of money a buyer and seller agree to exchange to complete a transaction.
- a control placed on prices by the federal government.
Correct

Incorrect
Question 4 of 14

4. Question
The foremost factor contributing to commercial and residential demand in a market is
- marketing.
- base employment.
- existing supply of properties.
- household income.
Correct

Incorrect
Question 5 of 14

5. Question
Two important concerns of office property users are
- trade area population and visibility.
- convenience and neighborhood make-up.
- costs of occupancy and building efficiency.
- environmental regulations and zoning.
Correct

Incorrect
Question 6 of 14

6. Question
Two important concerns of retail property users are
- trade area population and spending patterns.
- quality of life and dwelling amenities.
- costs of occupancy and building efficiency.
- environmental regulations and access by suppliers.
Correct

Incorrect
Question 7 of 14

7. Question
What are the three unique physical characteristics of land?
- Fixed, unchangeable, homogeneous
- Immobile, indestructible, heterogeneous
- Three-dimensional, buildable, marketable
- Natural, measurable, inorganic
Correct

Incorrect
Question 8 of 14

8. Question
Which of the following is an important economic characteristic of real estate?
- The demand must literally come to the supply.
- Real estate is a highly liquid product.
- The product is quick to adapt to market changes.
- The market is centralized.
Correct

Incorrect
Question 9 of 14

9. Question
Which of the following is included in the legal concept of land?
- The surface of the earth and all natural things permanently attached to the earth
- Only the surface of the earth that is delineated by boundaries
- The surface of the earth except for lakes and streams
- New OptionEverything above, on and below the surface of the earth
Correct

Incorrect
Question 10 of 14

10. Question
Which of the following is the best definition of real estate?
- Land and personal property
- Unimproved land
- Land and everything permanently attached to it
- An ownership interest in land and improvements
Correct

Incorrect
Question 11 of 14

11. Question
If commercial real estate rental prices are falling in a market, it is likely that
- demand has outstripped supply of space.
- the market is in equilibrium.
- the market is over-supplied.
- employment is increasing.
Correct

Incorrect
Question 12 of 14

12. Question
If there is a significant undersupply of homes in a market, construction will tend to increase. This is an example of
- supply outstripping demand.
- overpricing products.
- the price mechanism.
- the market tending toward equilibrium.
Correct

Incorrect
Question 13 of 14

13. Question
Four principal determinants of value underlying the price for a product are
- durability, quality, scarcity, and materials.
- desire, utility, scarcity, and purchasing power.
- popularity, utility, quality, and discount.
- desire, costs, convenience, and time.
Correct

Incorrect
Question 14 of 14

14. Question
A town has a rapidly growing population, but there are no longer any vacant lots around the lake to build more houses. In this case, it is likely that the price of existing homes on the lake
- will stabilize, since the population must stabilize.
- will increase.
- will decline, since no further building can take place.
- will not show any predictable movement.
Correct

Incorrect

Facebook Twitter Instagram Linkedin

CONTACT

contact
560 Lincoln Road #300, Miami Beach, FL 33139

COMPANY

About Us
Blog
Contact
Sitemap

About Us
Blog
Contact
Sitemap

LINKS

Courses
Policies and Procedures
Terms and conditions

Courses
Policies and Procedures
Terms and conditions

STUDENT RESOURCES

State applications
Finger Printing
Technical Support

State applications
Finger Printing
Technical Support

All rights reserved to Compass Real Estate Academy
Web Design: Limitless Digital Media

Login

Remember Me

Forgot password?

Register Now

Register

Sign In

Username or Email Address

Sign In