Ch1: Intro to Real Estate Flashcards
1
Q
Supply increases, Demand constant
A
Price fall
2
Q
Demand increase, Supply constant
A
Price rise
3
Q
affects of supply
A
labor and construction cost
impact fees
4
Q
affects of demand
A
population and migration
5
Q
National Association of Realtors
A
members known as brokers- real estate agent
6
Q
Residential
A
family homes, multi or single homes for living
- condos, townhomes, apartment, duplex
- rural, urban, suburban
7
Q
Cooperatives
A
apartment style, multi-family building
corporation owns
8
Q
Planned Unit Development
A
master planned communities
-covenants -golf courses - retail
9
Q
Joint Tenancy
A
possession, time, interest, title
