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Related Flashcards
Cards In This Set
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What is the classification of a farmhouse for sale that has been legally separated from its auxiliary buildings and surrounding acreage?
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Residential
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Warehouses, factories, and research facilities are classified as which kind of property?
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Industrial
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Which factor primarily affects supply in the real estate market?
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Government financial policies
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Real estate license holders who are not members of the National Association of REALTORS® may call themselves
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License holders or agents
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A family's wanting to buy a home near good schools is an example of which characteristic of real estate?
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Area preference(Economic characteristic)
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Regulations passed by governmental agencies are a means of implementing and enforcing which kind of act?
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Legislative
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When supply increases, real estate prices usually
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Decrease
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What organization has the education of new and existing real estate license holders as its primary objective?
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The Texas Real Estate Teachers Association
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The 14th Amendment, providing civil rights protections, is an example of which of the seven sources of law?
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U.S. Constitution
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The primary purpose of the U.S. Constitution and the individual state constitutions is to delineate the limits of governmental authority and establish citizens'
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Rights
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To qualify for license renewal and continue in business, license holders must
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Follow certain prescribed standards of business conduct and meet continuing education requirements.
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Which one of these can be seen as harming the subjective value of a property?
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Example:Proximity to a major highway
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Members of the National Association of Real Estate Brokers refer to themselves as
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Realtists
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The demand for real estate is affected by which of the following?
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Population
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The demand for real estate is affected by
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Demographics
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