Real Estate Econ 212 HW Assignment

11 Questions | Total Attempts: 90

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Assignment Quizzes & Trivia

A brief quiz to test knowledge of Real estate based on in class lecture. Questions varing in difficulty.


Questions and Answers
  • 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

  • 2. 
    Real estate markets are considered ________ markets.
    • A. 

      Commercial

    • B. 

      Industrial

    • C. 

      Stock/flow

    • 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

  • 4. 
    Relating to supply, ______% consist of the stock of existing houses.
    • A. 

      30

    • B. 

      98

    • C. 

      95

    • D. 

      4

  • 5. 
    Which of the following is not a factor of demand for housing?
    • A. 

      Income

    • B. 

      Retail

    • C. 

      Cost

    • D. 

      Consumer preferences

  • 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

  • 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

  • 8. 
    If sports teams were a factor would you choose to live in ...?
    • A. 

      Boston

    • B. 

      Charleston

    • C. 

      Rock Hill

    • D. 

      Des Moines

  • 9. 
    What state does not have a minimum wage?
    • A. 

      South Carolina

    • B. 

      Massachusetts

  • 10. 
    Transfer cost for the seller typically range between __-__% of the purchase price.
    • A. 

      3-6

    • B. 

      4-10

    • C. 

      5-7

    • 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