Unit 9 Practice Exam Copy

Many measures of the appreciation rate of houses are available to consumers. Probably the most important is the one that uses the repeat-sale method called

What is the term used to describe the ability to sell a property quickly without affecting its market price?

What is the first real estate purchase made by most Americans?

The reason for the value declines of large shopping centers is

Diminished demand for office space is a trend that started with the

Which is NOT an advantage to investing in real estate? 

Tax advantages that come with real estate investment do NOT include the ability to

An advantage to real estate investors is the ability to use other people’s money to purchase property, called

Which is illiquid?

A disadvantage to investing in real estate is the reliance on industry in the general area. This is because the

Dynamic risk can be reduced by

The type of risk associated with the potential that the property value and operating income will not increase proportionately with inflation is called

The most appropriate approach to valuing a going concern business is the

The major disadvantage of buying vacant property for speculation is the

A risk associated with general business conditions is