Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Estate Practice ch1

In Ohio 9th edition

TermDefinition
Real Estate Brokerage is the business of bringing people together in a real estate transcation
Broker is the person or company licensed to buy, sell, exhchange, or lease real property for others and to charge a fee for these services
Salesperson/Sales associate/associate licensee is employed by or associated with the broker to perform brokerage activities on behalf of or for the broker
Real estate licensee is a person who has satisfied the requirements of a licensing agency, as authorized by state legislation
Code of ethics written system of standards for ethical conduct
market is a place where goods are bought and sold
Supply the quantity of goods or services that can be sold a given price
Demand refers to the quantity of goods or services that consumers are willing and able to buy at a given price
Supply and demand Prices and goods and services in the market are established by
Property Manager a person or company hired to maintain and manage property on behalf of the property owner.
appraisal is the process of developing an opinion of a property's market value.
Financing business of providing the funds that make real estate transactions possible.
Subdivision and development dividing a single property into smaller parcels (subdividing) and constructing improvements on the land (developing)
Home Inspection an inspection report will show results of a thorough survey of observable property conditions
Types of real property Residential(multifamily housing), commercial (business), mixed use (allows 2 uses), industrial (warehouses, factories, power plants), Agricultural (farms, ranches, orchards), and Special purpose (privately owned schools, churches, cemeteries, parks)
Factors affecting supply labor force availability, construction and material cost, government controls, and monetary policy (interest rates & money supply)
Factors affecting demand population, demographics, employment and wage levels
Demographics study and description of a population
Created by: bkgee