
Real Estate Quiz
Authored by V Reeves
Business
12th Grade

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Property management, appraisal, financing, and development are all examples of a. separate professions within the real estate industry.
separate professions within the real estate industry
related to agriculture
part of the IT industry
not related to real estate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Property management, appraisal, financing, and development are all a. separate professions within the real estate industry.
separate professions within the real estate industry
related to agriculture
part of the IT industry
not related to real estate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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? a. Real estate counselor
Real estate counselor
Real estate broker
Real estate developer
Real estate appraiser
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When demand for a commodity decreases and supply remains the same, a. price tends to fall.
price tends to fall
price tends to rise
remains stable
increase
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Industrial real estate includes a. warehouses, factories, land in industrial districts, and power plants.
warehouses, factories, land in industrial districts, and power plants
shopping malls, restaurants, movie theaters, and hotels
residential apartments and condominiums
parks, playgrounds, and recreational facilities
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following affect how quickly the forces of supply and demand work EXCEPT a. degree of standardization of the property's price.
degree of standardization of the property's price
market competition
government regulations
consumer income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When supply and demand for a good or service are roughly balanced, the price of the good or service a. remains stable.
remains stable
increases
decreases
fluctuates
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