Ch.1 An Introduction to Environments and Activities in Real Estate Questions by Jazmin Padilla

Ch.1 An Introduction to Environments and Activities in Real Estate Questions by Jazmin Padilla

1. The two most common real estate transactions are_____ and _____.

a. Leases and Sales

b. Speculation and Sales

c. Leases and Localized Markets

d. Speculation and Localized Markets

2. Demand for real estate is produce by the______and _____nodes.

a. Node 2 Investing Activity and Node 3 Lending Activity

b. Node 3 Lending Activity and Node 6 Consuming Activity

c. Node 6 Consuming Activity and Node 7 Successor Entrepreneurial Activity

d. Node 4 Governing Activity and Node 7 Successor Entrepreneurial Activity

3. Which of the following real estate professional assesses the risk associated with real estate loans?

a. Servicer

b. Appraiser

c. underwriter

d. Acquisition expert

4. Real Estate involves a complex network of human activity.

5. Real Estate markets are always efficient.

6. Speculation is the quick sale or transaction at the present price.

7. Localized Markets allow greater efficiency in the real markets.

8. The process of real estate begins with the originator. 

Answers:

1. A   2.C  3.C  4.T  5.F  6.F  7.F  8.F