Real state as a carrer #2

Question 1

Floor time

Answer 1

The set hours that a sales associate is in the brokerage office to answer incoming phone calls and handle inquires from walk-ins

Question 2

Hashtag

Answer 2

A group of similar posts and allows your content to appear in search results so other users can join in on the conversation

Question 3

Immobile

Answer 3

Cannot be moved

Question 4

Illiquid

Answer 4

Cannot be readily converted to cash

Question 5

Law of supply and demand

Answer 5

One of the fundamental principles in determining the price of a commodity.

For example: As supply increases, the price will tend to drop, and as demand increases the price will tend to increase

Question 6

Liquid asset

Answer 6

Can quickly be bought and sold

Question 7

Listing agreement

Answer 7

A contract between the property owner and the brokerage to place properties for sale with the brokerage

Question 8

Market economy

Answer 8

An economy that relies primarily on interactions between buyers and sellers to allocate resources

Question 9

Market

Answer 9

Trade-in a specified commodity

Question 10

Net worth

Answer 10

The value of all assets minus all liabilities

Question 11

Networking

Answer 11

the practice of making contact and exchanging information with other people