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2018 RE Mid-Term
Question | Answer |
---|---|
Broker | a state-licensed AGENT who, for a fee, acts for property owners in real estate transactions, within the scope of state law. |
Agent | One who acts or has the power to act for another |
Supply and Demand | |
higher prices will increase supply, reduce demand, or both Lower quantities demanded will reduce prices. | |
ACCRETION | the addition to land through processes of nature, such as deposits of soil carried by streams. |
EROSION | the gradual wearing away of land through processes of nature, as by streams and winds. |
AVULSION | the sudden removal of land from one parcel to another, when a body of water, such as a river, abruptly changes its channel. |