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20 True/False questions

  1. Market Area Analysis ForcesThe process by which submarkets within a larger market are identified and analyzed

          

  2. SubmarketA division of a total market that reflects the preferences of a particular set of buyers and sellers

          

  3. Life Cycle of a market area- Growth
    - Stability
    - Decline
    - Revitalization

          

  4. DeclineStage of diminishing demand in a market area's life cycle

          

  5. GentrificationStage in a market area's life cycle characterized by renewal, redevelopment, modernization, and increasing demand

          

  6. GrowthA type of market area characterized by homogeneous land use

          

  7. Central Business District (CBD)The core, or downtown area, of a city where the major retail, financial, governmental, professional, recreational, and service activities of the community are concentrated

          

  8. RevitalizationA phenomenon in which middle and upper income people purchase properties in a residential neighborhood to renovate or rehab them.

          

  9. Market AreaThe geographic area from which a retail facility consistently draws most of its customers

          

  10. Real Estate Cycles- Recovery
    - Expansion
    - Decline
    - Recession

          

  11. StabilityStage in a market area's life cycle in which the market area experiences equilibrium without marked gains or losses

          

  12. NeighborhoodStage in a market area's life cycle in which the market area gains public favor and acceptance

          

  13. Is Real Estate Efficient?- Recovery
    - Expansion
    - Decline
    - Recession

          

  14. Market SegmentationThe geographic or locational delineation of the market for a specific category of real estate

          

  15. How to Identify Real Estate MarketsAttitudes, motivations, and interactions of buyers and sellers of real property, which in turn are subject to many social, economic, governmental, and environmental influences

          

  16. What determines the position of the real estate market?Attitudes, motivations, and interactions of buyers and sellers of real property, which in turn are subject to many social, economic, governmental, and environmental influences

          

  17. Trade AreaThe geographic or locational delineation of the market for a specific category of real estate

          

  18. What affects real estate markets?Attitudes, motivations, and interactions of buyers and sellers of real property, which in turn are subject to many social, economic, governmental, and environmental influences

          

  19. DistrictStage of diminishing demand in a market area's life cycle

          

  20. DisaggregationGrouping properties together based on similar attributes or characteristics