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MRE_PRACTICE TEST: UNITS 1-16 (MD PRE-LICENSING COURSE) - FINAL EXAM SOLVED 100% CORRECT!!
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MRE_PRACTICE TEST: UNITS 1-16 (MD PRE-LICENSING COURSE) - FINAL EXAM SOLVED 100% CORRECT!!
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MRE_PRACTICE TEST:UNITS 1-16 (MD PRE-
LICENSING COURSE) -
FINAL EXAM SOLVED
100% CORRECT!!
MRE
Evatee 8/4/24 MRE
,MRE_PRACTICE TEST: UNITS 1-16 (MD PRE-
LICENSING COURSE) - FINAL EXAM SOLVED
100% CORRECT!!
(Unit 1) A building that is remodeled into residential units and no longer used
for its original purpose is an example of:
A)
a converted-use property.
B)
a planned unit development.
C)
a modular home.
D)
an urban homestead.| Answer - A) The answer is a converted-use property.
Commercial storage lofts fitted out to serve as apartments are a fairly common
example of converted-use property.>
(Unit 1) A development that combines office space, stores, and residential units
in a single, vertical community is called a:
A)
manufactured housing park.
B)
planned unit development.
C)
,time-share community.
D)
mixed-use development.| Answer - D) The answer is mixed-use development.
A mixed-use development (MUD) combines commercial and residential uses in
a single high-rise building.>
(Unit 1) A highrise development that includes office space, stores, theaters, and
apartment units is an example of:
A)
planned unit development.
B)
special cluster zoning.
C)
proprietary lease properties.
D)
mixed-use development.| Answer - D) The answer is mixed-use development.
A mixed-use development (MUD) is a small community built vertically in one
building.>
(Unit 1) An increase in the following would affect supply EXCEPT:
A)
construction costs.
B)
the labor force.
C)
governmental controls.
D)
, population.| Answer - D) The answer is population. As population grows, so
does the demand for housing. Increases in construction costs, governmental
controls, and the labor force affect supply.>
(Unit 1) The National Association of REALTORS® is composed of:
A)
state, regional, and local associations.
B)
state associations.
C)
local associations.
D)
state and regional associations.| Answer -
A) The answer is state, regional, and local associations. Many trade
organizations serve the real estate business. The largest is the National
Association of REALTORS® (NAR), whose website is www.realtor.org. NAR is
composed of state, regional, and local associations.
> Answer -
(Unit 1) Members of professional associations are expected to comply with the:
A)
code of ethics as set forth by each organization.
B)
code of standards.
C)
standard operating morals.
D)
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