Real Estate

The use of borrowed money to finance an investment is called

• Leverage

• Capital Gain

• Depreciation

• Appreciation

Schools would be considered part of which real estate classification?

• Residential

• Commercial

• Industrial

• Special Purpose

Information including age, education, behavior, and other characteristics of members in a certain population is:

• demographics

• population analysis

• family lifestyles

• household data

The difference between the cost basis of property and its net selling price is

• cost recovery

• appreciation

• capital gain

• leverage

A real estate professional who helps clients choose among the various alternatives involved in purchasing, using, or investing in property is

• a home inspector

• a real estate appraiser

• a real estate counselor

• a real estate educator

Which factor primarily affects supply in the real estate market?

• population

• employment

• governmental monetary policy

• demographics

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

• real estate appraiser

• real estate educator

• real estate counselor

• building inspector

Special-purpose real estate includes

• agricultural land and cemeteries.

• retail stores with apartments attached

• churches, cemeteries, schools, and government held lands

• specialty stores in shopping districts

Management and maintenance of condominium building exteriors and common areas is provided by

• the city council

• the shareholders

• the governing association

• the board of trustees

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

• non-real estate professions

• factors affecting demand

• activities requiring broker management and supervision

• specializations within the real estate industry