Section 15 Flashcards

Section 15 Flashcards The principle of property being non-homogeneous means:No two properties are the same.Which of the following is NOT a demand factor Availability of skilled workers Government interference influences the real estate market.Which is NOT government interferences?Deeds Real estate investment can be considered to be A relatively long term investment A large factory closed in the area. Many workers lost their

jobs as a result. They will probably result in:

A buyer's market The MOST important understanding of the vacancy rate is:To indicate how much movement there is in the market A seller's market occurs whenNot enough inventory is available for buyers A builder is looking to develop an area of several acres.Concrete in the area is hard to get due to a large complex being built down the street. He is being affected by Supply Karen has always wanted a home near the ocean. She recently received an inheritance that would help her purchase the house she's always wanted down the street.This is an example of Demand Key indicators of a change in the market could be A change in the sales volune Demand may be influenced byThe ability of a buyer to get a loan