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The difference between the cost basis of property and its net selling price.
What is capital gain?
The study and description of a population.
What is demographics?
Schools are considered this part of real estate classification.
What is a special purpose?
The process of developing an opinion of a property's value through established methods and appraiser's judgement.
What is an appraisal?
Special Purpose
What is privately owned properties?
The use of borrowed money to finance an investment.
What is leverage?
Types of Housing
What is single family detached house, apartment building, condominium or cooperative?
The are examples of specializations within the real estate industry.
What is property management appraisal, financing, and development?
The business of providing funds that make real estate transactions possible through loans secured by mortgage or deed of trust on the property.
What is financing?
Agricultural
What are farms, timberland, ranches and orchards?
Another name for depreciation.
What is cost recovery?
Co-Op
What is a proprietary lease?
Governmental Monetary Policy
The factor that primarily affects supply in the real estate market.
A person or company hired for the upkeep and management of property on behalf of the property owner.
What is a property manager?
One factor affecting real estate supply.
What are local government factors?
What is government controls and financial policies?
What is labor force, construction, and material costs?
Detailed information about the age, education, behavior, and other characteristics of members of a population group.
What is demographics?
Residential, commercial, mixed-use, industrial, agricultural, and special purpose.
What are the six categories of real property?
A professional opinion of a property's market value based on established methods and using trained judgement.
Who is a real estate appraiser?
The factors affecting the demand for real estate.
What is population, demographics, employment and wage levels?
Population, demographics, and employment and wage levels.
What are factors affecting real estate demand?
A home inspector.
Who is a person who performs a visual survey of a property structure and writes a report for a buyer ?
All property used for single -family or multifamily housing, whether its urban suburban, or rural areas.
What is residential?
Mortgage Loan Originators
What is Nationwide Multistate Licensing System and Registry?
This will show the results of a thorough survey of observable property conditions.
What is an home inspection?
Involves independent advice based upon sound professional judgement regarding how to buy, sell, or invest in property.
What is real estate counseling?