Chapter 14 Quiz

The following effects demand

The use of real property does not include

Does not affect supply

Does not affect how quickly the forces of supply and demand work

The point at which supply and demand are equal is know as

When the supply of a commodity decreases

In addition to the affordibilty of a home, what is the primary consideration in the selection of a property?

Does not include the real cost of a home and includes certain costs or expenses that people overlook

A property was listed for sale at $100,000.  If the origional cost was 80% of the list price, whar will the profit be if it sells for $100,000?

Most homeowners' insurance policies contain the following clause

A homeonwer may not decuct

In the event that a homeowers' insurance policy provides coverage for less than 80% of the full replacement cost of the dwelling, then the loss of the residence will be settled for

A building lot was sold for $88,000.  If the seller made a profit of 10%. what was the original cost of the property?

Desireablity if the ocation of a residence is not influenced by

A basic homeowners insurance policy does not include

Federal income tax regulations allow homeowners to reduce their taxable income by amounts paid for

A longer morgage term will

What type of insurance policy must always be purchased seperately and not as part of the homeowners' policy?

For the past two years, a couple has been renting the house they ourchased 25 years ago to a tenant.  They are now ready to sell the gome.  When they sell their house, howmuch will the cpaital gain will be taxable?

The value that an owner has in the property exceeds the amount of the mortgage debt is called