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Basic Real Estate Consepts

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Broker   show
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Business Cycle   show
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Chattel   show
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show The need or desire for possession or ownership backed by the financial means to satisfy that need.  
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heterogeneity   show
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Highest and best use   show
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Land   show
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Market   show
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show A lack of uniformity; dissimilarity; heterogeneity. Because no two parcels of land are exactly alike, real estate is said to be nonhomogenity  
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show Items, called chattels, that do not fit into the definition of real property; movable objects like; furniture, clothing, jewelry, money, vehicles, etc.  
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show A real estate licensee who performs real estate activities under the supervision of a licensed real estate broker-in-charge. Must complete post-licensing courses to remove the provisional license status  
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show Land; a portion of the earth's surface extending downward to the center of the earth and upward infinitely into space, including all things permanently attached to it, whether naturally or artificially  
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show defined as the land, everything that is permanently attached to the land (or goes with) the land  
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Situs   show
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Supply   show
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Created by: whitwill
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