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