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WorksheetsRE Economics
Total questions: 12
Worksheet time: 12mins
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
the amount of space or units occupied within a market over a given period of time, typically one year
absorption
landbanking
gentrification
urbanised
the practice of aggregating parcels of land for future sale or development.
Landbanking
gentrification
urbanizing
real estate development
