Real Estate Principles Study Guide -- Quiz 1 California's Diversity
Each month, over _______ people move to California
25,000
One ___________ of United States residents live in California
Eighth
The price that is midway between the least expensive and most expensive home sold in an area during a given period of time is called the ______ home price.
Median
What are the two types of real estate licenses?
Salesperson's license and broker's license
California's inventory of _____________ units is not enough to meet the demand because our population increases faster than our supply of housing.
housing
A megalopolis is a
large, densely populated metropolitan area consisting of a number of major urban areas and smaller surrounding cities
The ___________ rate is the percentage of the people classified as unemployed as compared to the total labor force.
unemployment
California's top industries include everything (tourism construction entertainment) except
cosmetic
C.A.R stands for
California Association of REALTORS
California's oil wells are known as "_______ gold"
black