Question 1

Over a period of years, the supply of residential housing is one of temporary shortages and temporary excesses.

Accepted Answer

A) True 
 B)False

Question 2

The real estate brokerage industry is an example of a

Accepted Answer

A)  base industry. 
B)  secondary industry. 
C)  export industry. 
D)  primary industry. 
A)  base industry. 
B)  secondary industry. 
C)  export industry. 
D)  primary industry.

Question 3

Choose the one most appropriate answer for each.
-availability of housing in a community

Accepted Answer

A) age distribution 
B) base industry 
C) buying pattern 
D) cost-push inflation 
E) demand
F)demand-pull inflation
G)economic base
H)employment multiplier
I)Federal Reserve Board
J)long-run demand
K)monetary inflation
L)monetize the debt
M)primary industry
N)real
O)real-cost inflation
P)secondary industry
Q)service industry
R)short-run demand
S)supply
T)vulnerability 
A) age distribution 
B) base industry 
C) buying pattern 
D) cost-push inflation 
E) demand
F)demand-pull inflation
G)economic base
H)employment multiplier
I)Federal Reserve Board
J)long-run demand
K)monetary inflation
L)monetize the debt
M)primary industry
N)real
O)real-cost inflation
P)secondary industry
Q)service industry
R)short-run demand
S)supply
T)vulnerability

Question 4

The future demand for housing as seen by looking at the population and the ability of people to obtain income at various age levels is known as ____________________ demand.

Accepted Answer

The answer of The future demand for housing as seen...

Question 5

The dependency on the number of base industries present and the ability of those industries to continue to consistently export their products is called ____________________.

Accepted Answer

The answer of The dependency on the number of base...

Question 6

When there are higher prices due to greater effort needed to produce the same product today it is called ____________________ inflation.

Accepted Answer

The answer of When there are higher prices due to...

Question 7

The extent to which regions and cities are vulnerable to changes in the economic base depends on the number and kinds of base industries that are present.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is more likely to be the LEAST demanding of appreciation potential in the ownership of real estate?

Accepted Answer

A)  The owner of a rental residence 
B)  An owner who occupies a property as a principal 
C)  A business which owns apartment buildings 
D)  A corporation which owns office buildings 
A)  The owner of a rental residence 
B)  An owner who occupies a property as a principal 
C)  A business which owns apartment buildings 
D)  A corporation which owns office buildings

Question 9

Choose the one most appropriate answer for each.
-industries that produce goods and services for export;also called base or export industries.

Accepted Answer

A) age distribution 
B) base industry 
C) buying pattern 
D) cost-push inflation 
E) demand
F)demand-pull inflation
G)economic base
H)employment multiplier
I)Federal Reserve Board
J)long-run demand
K)monetary inflation
L)monetize the debt
M)primary industry
N)real
O)real-cost inflation
P)secondary industry
Q)service industry
R)short-run demand
S)supply
T)vulnerability 
A) age distribution 
B) base industry 
C) buying pattern 
D) cost-push inflation 
E) demand
F)demand-pull inflation
G)economic base
H)employment multiplier
I)Federal Reserve Board
J)long-run demand
K)monetary inflation
L)monetize the debt
M)primary industry
N)real
O)real-cost inflation
P)secondary industry
Q)service industry
R)short-run demand
S)supply
T)vulnerability

Question 10

Inflation brought on by increased effort necessary to produce the same quantity of a good or service is known as

Accepted Answer

A)  demand-pull inflation. 
B)  real-cost inflation. 
C)  cost-push inflation. 
D)  monetary inflation. 
A)  demand-pull inflation. 
B)  real-cost inflation. 
C)  cost-push inflation. 
D)  monetary inflation.

Question 11

The Federal Reserve Board, through the Federal Reserve Banks, has the ability, through ____________________ policy, to create and destroy money.

Accepted Answer

The answer of The Federal Reserve Board, through the Federal...

Question 12

Choose the one most appropriate answer for each.
-population distribution based on year of birth

Accepted Answer

A) age distribution 
B) base industry 
C) buying pattern 
D) cost-push inflation 
E) demand
F)demand-pull inflation
G)economic base
H)employment multiplier
I)Federal Reserve Board
J)long-run demand
K)monetary inflation
L)monetize the debt
M)primary industry
N)real
O)real-cost inflation
P)secondary industry
Q)service industry
R)short-run demand
S)supply
T)vulnerability 
A) age distribution 
B) base industry 
C) buying pattern 
D) cost-push inflation 
E) demand
F)demand-pull inflation
G)economic base
H)employment multiplier
I)Federal Reserve Board
J)long-run demand
K)monetary inflation
L)monetize the debt
M)primary industry
N)real
O)real-cost inflation
P)secondary industry
Q)service industry
R)short-run demand
S)supply
T)vulnerability

Question 13

Through the Federal Reserve Banks, the Federal Reserve Board can create money.

Accepted Answer

A) True 
 B)False

Question 14

Ultimately, interest rates for real estate mortgage loans are determined by the marketplace.

Accepted Answer

A) True 
 B)False

Question 15

Price changes for developed real property can be rapid and dramatic over short periods of time and create ____________________ demand.

Accepted Answer

The answer of Price changes for developed real property can...

Question 16

The real cost of interest is the

Accepted Answer

A)  rate stated on the promissory note. 
B)  inflation-adjusted cost. 
C)  annual percentage rate. 
D)  rate stated on the promissory note plus any discounts. 
A)  rate stated on the promissory note. 
B)  inflation-adjusted cost. 
C)  annual percentage rate. 
D)  rate stated on the promissory note plus any discounts.

Question 17

Choose the one most appropriate answer for each.
-an industry that produces goods or services to sell to local residents

Accepted Answer

A) age distribution 
B) base industry 
C) buying pattern 
D) cost-push inflation 
E) demand
F)demand-pull inflation
G)economic base
H)employment multiplier
I)Federal Reserve Board
J)long-run demand
K)monetary inflation
L)monetize the debt
M)primary industry
N)real
O)real-cost inflation
P)secondary industry
Q)service industry
R)short-run demand
S)supply
T)vulnerability 
A) age distribution 
B) base industry 
C) buying pattern 
D) cost-push inflation 
E) demand
F)demand-pull inflation
G)economic base
H)employment multiplier
I)Federal Reserve Board
J)long-run demand
K)monetary inflation
L)monetize the debt
M)primary industry
N)real
O)real-cost inflation
P)secondary industry
Q)service industry
R)short-run demand
S)supply
T)vulnerability

Question 18

When a government prints more money than is necessary for economic growth, the result is

Accepted Answer

A)  a short-term drop in interest rates. 
B)  a long-term drop in interest rates. 
C)  both a and b. 
D)  neither a nor b. 
A)  a short-term drop in interest rates. 
B)  a long-term drop in interest rates. 
C)  both a and b. 
D)  neither a nor b.

Question 19

Choose the one most appropriate answer for each.
-describes the number of people employed in local service industries as a function of the number of people employed in a base industry

Accepted Answer

A) age distribution 
B) base industry 
C) buying pattern 
D) cost-push inflation 
E) demand
F)demand-pull inflation
G)economic base
H)employment multiplier
I)Federal Reserve Board
J)long-run demand
K)monetary inflation
L)monetize the debt
M)primary industry
N)real
O)real-cost inflation
P)secondary industry
Q)service industry
R)short-run demand
S)supply
T)vulnerability 
A) age distribution 
B) base industry 
C) buying pattern 
D) cost-push inflation 
E) demand
F)demand-pull inflation
G)economic base
H)employment multiplier
I)Federal Reserve Board
J)long-run demand
K)monetary inflation
L)monetize the debt
M)primary industry
N)real
O)real-cost inflation
P)secondary industry
Q)service industry
R)short-run demand
S)supply
T)vulnerability

Question 20

To ____________________ the debt is the creation of money by the Federal Reserve to purchase Treasury securities.

Accepted Answer

The answer of To ____________________ the debt is the creation...

Exam 25: Real Estate and the Economy

Over a period of years, the supply of residential housing is one of temporary shortages and temporary excesses.

The real estate brokerage industry is an example of a

Choose the one most appropriate answer for each. -availability of housing in a community

The future demand for housing as seen by looking at the population and the ability of people to obtain income at various age levels is known as ____________________ demand.

The dependency on the number of base industries present and the ability of those industries to continue to consistently export their products is called ____________________.

When there are higher prices due to greater effort needed to produce the same product today it is called ____________________ inflation.

The extent to which regions and cities are vulnerable to changes in the economic base depends on the number and kinds of base industries that are present.

Which of the following is more likely to be the LEAST demanding of appreciation potential in the ownership of real estate?

Choose the one most appropriate answer for each. -industries that produce goods and services for export;also called base or export industries.

Inflation brought on by increased effort necessary to produce the same quantity of a good or service is known as

The Federal Reserve Board, through the Federal Reserve Banks, has the ability, through ____________________ policy, to create and destroy money.

Choose the one most appropriate answer for each. -population distribution based on year of birth

Through the Federal Reserve Banks, the Federal Reserve Board can create money.

Ultimately, interest rates for real estate mortgage loans are determined by the marketplace.

Price changes for developed real property can be rapid and dramatic over short periods of time and create ____________________ demand.

The real cost of interest is the

Choose the one most appropriate answer for each. -an industry that produces goods or services to sell to local residents

When a government prints more money than is necessary for economic growth, the result is

Choose the one most appropriate answer for each. -describes the number of people employed in local service industries as a function of the number of people employed in a base industry

To ____________________ the debt is the creation of money by the Federal Reserve to purchase Treasury securities.

Nature and Description of Real Estate

Rights and Interests in Land

Forms of Ownership

Transferring Title

Recordation Abstracts and Title Insurance

Contract Law

Real Estate Sales Contracts

Mortgage and Note

Deed of Trust

Lending Practices

The Loan and the Consumer

Sources of Financing

Types of Financing

Taxes and Assessments

Title Closing and Escrow

Real Estate Leases

Real Estate Appraisal

Licensing Laws and Professional Affiliation

The Principal-Broker Relationship: Employment

The Principal-Broker Relationship: Agency

Fair Housing, Ada, Equal Credit, and Community Reinvestment

Condominiums, Cooperatives, Puds, and Timeshares

Property Insurance

Land-Use Control

Investing in Real Estate

Filters