RE Economics

The application of economic techniques to real estate markets which tries to describe,

explain, and predict patterns of prices, supply, and demand is called:

• Economics

• Economics and Finance

• Real Estate Economics

• Real Estate Finance

The desirability of the economic utility of the property is known as:

• Economic Life

• Economic Value

• Economic Utility

• Economic Obsolescence

Few seller, multiple buyers

• Monopoly

• Oligopoly

• Monopsomy

• Oligopsony

Many seller and buyers; price is at its lowest.

• Perfect Market

• Imperfect market

• Monopsomy

• Monopoly

This is a market condition where there are more buyers than properties for sale.

• Buyers'market

• Seller's Market

• Open Market

• Property Market

Refers to the act of buying an under priced property and then quickly reselling it at

market value:

• Flipping

• Bird dogging

• Fast Break

• Brokering

Economic Utility refers to the capacity to satisfy wants, production by labor and their:

• Exchangeability

• Scarcity

• Transferability

• Uniqueness

Refers to land located in the fringes of built up communities which has the provincial

characteristics but is favoured with metropolis utilities, facilities and amenities.

• Rural Subdivision

• Urbanized subdivision

• Urbanized land

• Suburban subdivision

The Gross Income Multiplier is a factor derived from comparable properties and applied

to expected rental income to estimate

• value

• an established cost

• a gross income

• a known price

These refer to the changes that result when wealthier people acquire or rent property in

low income and working class communities.

• gentrification

• Progression

• Regression

• Competition