Real Estate Module 1-9 > Intro > Flashcards

Intro Flashcards

(9 cards)

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1
Q

What is the NAR?

A

National Association of REALTORS®

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2
Q

Site for the NAR?

A

www.Realtor.com

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3
Q

International search engine for the association?

A

www.realtor.com/international

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4
Q

What is a market?

A

A market is a place or an economic system where goods are bought and sold.

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5
Q

The marketplace or economy, in a free market, is affected by?

A

supply and demand

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6
Q

Prices rise as what increases?

A

Demand

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7
Q

Prices drop as what increases?

A

Supply

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8
Q

What are some of the major factors that affect Supply?

A

Labor Force

Construction Costs

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9
Q

What are some of the major factors that affect Demand?

A

Population
Demographics
Earnings (income) and Employment

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Real Estate Module 1-9
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