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Real Estate > Chapter 1 > Flashcards

Chapter 1 Flashcards

1
Q

What does NAR stand for?

A

National Association of Realtors

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2
Q

What are the FIVE types of Real Property?

A

Residential, Commercial, Industrial, Agricultural and Special Purpose

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3
Q

What are the FIVE factors that affect the Supply of Real Estate?

A

Labor force, Construction costs, Government controls and Government financial policies

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4
Q

What are the factors that effect the demand of real estate?

A

Population
Demographics
Employment and wage levels

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Real Estate (8 decks)

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