Home
Up
Name: Homework 1

horizontal rule

Instructions:  

horizontal rule

Question 1   Multiple Answer (1.0000 points)
  Question: A golf course would be considered which type of property?
(Check all that apply)
 
    Commercial
Retail
Recreational
Industrial
Acreage
 

 
Question 2   Multiple Answer (1.0000 points)
  Question: If a community has a declining economic base, what is likely to be the impact upon real estate prices?
(Check all that apply)
 
    Prices will be cyclical
Prices will increase above the inflation rate
Prices will remain stagnant
Prices will decline or increase below the inflation rate
Sales activity will cease so the impact on price cannot be determined.
 

 
Question 3   Multiple Answer (1.0000 points)
  Question: Which of the following are types of single family homes?
(Check all that apply)
 
    Modular
PUD
Vertical
Mobile
Stick built
 

 
Question 4   Multiple Choice (1.0000 points)
  Question: A sudden increase of new families in a community will, in the short run, result in:
I. an oversupply of housing
II. a jump in prices for existing housing
 
    I Only
II Only
Both I and II
Neither I nor II
 

 
Question 5   Multiple Choice (1.0000 points)
  Question: An increase in the divorce rate among older married couples in Northwest Pennsylvania would be expected in the short run to:
 
    decrease the demand for real estate
increase the supply of real estate
increase the vacancy rate of real estate
increase the demand for real estate