Real Estate Exam: Quiz Questions!

11 Questions | By Daniellekr | Updated: Mar 20, 2022 | Attempts: 103

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1.

What is the effect of long time delays in the short run?
- A.
  
  There is disequilibrium
- B.
  
  Increase in the price of homes
- C.
  
  There is equilibrium
- D.
  
  Not effected
Correct Answer
A. There is disequilibrium
2.

Real estate markets are considered ________ markets.
- A.
  
  Commercial
- B.
  
  Industrial
- C.
  
  Stock/flow
- D.
  
  All of the above
Correct Answer
D. All of the above
3.

Briefly describe the concept of immobility.
- A.
  
  It cant walk
- B.
  
  Houses come to us
- C.
  
  We go to houses
- D.
  
  The market doesn't fluctuate
Correct Answer
C. We go to houses
4.

Relating to supply, ______% consists of the stock of existing houses.
- A.
  
  30
- B.
  
  98
- C.
  
  95
- D.
  
  4
Correct Answer
B. 98
5.

Which of the following is not a factor of demand for housing?
- A.
  
  Income
- B.
  
  Retail
- C.
  
  Cost
- D.
  
  Consumer preferences
Correct Answer
B. Retail
6.

What city in the Gulf region, other than New Orleans, has seen a housing market boom since 2005?
- A.
  
  Biloxi, Mississippi
- B.
  
  Mobile, Alabama
- C.
  
  Tallahassee, Florida
- D.
  
  San Antonio, Texas
Correct Answer
A. Biloxi, Mississippi
7.

Why will a rebound in the housing market occur more quickly in Southern California than in New Orleans?
- A.
  
  Overall damage to the infrastructure
- B.
  
  Stability of the area
- C.
  
  Both A and B
- D.
  
  None of the Above
Correct Answer
C. Both A and B
8.

If sports teams were a factor would you choose to live in:
- A.
  
  Boston
- B.
  
  Charleston
- C.
  
  Rock Hill
- D.
  
  Des Moines
Correct Answer
A. Boston
9.

What the state does not have a minimum wage?
- A.
  
  South Carolina
- B.
  
  Massachusetts
Correct Answer
A. South Carolina
10.

Transfer costs for the seller typically ranges between __-__% of the purchase price.
- A.
  
  3-6
- B.
  
  4-10
- C.
  
  5-7
- D.
  
  1.5-6
Correct Answer
D. 1.5-6
11.

What kind of bubble do you want to live in?
- A.
  
  Danger zones
- B.
  
  Dead zones
- C.
  
  Living zones
- D.
  
  Safe havens
Correct Answer
D. Safe havens

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Current Version
Mar 20, 2022

Quiz Edited by
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Nov 27, 2007

Quiz Created by
Daniellekr

Real Estate Exam: Quiz Questions!

What is the effect of long time delays in the short run?

Real estate markets are considered ________ markets.

Briefly describe the concept of immobility.

Relating to supply, ______% consists of the stock of existing houses.

Which of the following is not a factor of demand for housing?

What city in the Gulf region, other than New Orleans, has seen a housing market boom since 2005?

Why will a rebound in the housing market occur more quickly in Southern California than in New Orleans?

If sports teams were a factor would you choose to live in:

What the state does not have a minimum wage?

Transfer costs for the seller typically ranges between __-__% of the purchase price.

What kind of bubble do you want to live in?

Transfer costs for the seller typically ranges between -% of the purchase price.