Unit 15 of 19

The real estate market and analysis

Supply and demand, market cycles, and how to prepare a comparative market analysis.

  1. 1
    How real estate markets differ from other markets
    Why real estate markets are local, why property is immobile and heterogeneous, and why supply is slow to catch up with demand, which together explain how prices behave.
    +50 XP
  2. 2
    Supply and demand factors
    How supply and demand set real estate prices, and how interest rates, employment, population and construction costs push the market one way or the other.
    +50 XP
  3. 3
    Market cycles, buyer's and seller's markets
    The phases of a market cycle, how to tell a buyer's market from a seller's market, and how to calculate and read months of inventory.
    +50 XP
  4. 4
    Preparing a comparative market analysis
    How a licensee prepares a CMA, from choosing sold, active and expired comparables, to adjusting each comparable toward the subject, to reconciling the results into a price range.
    +50 XP
  5. 5
    CMAs, broker price opinions and appraisals
    How a CMA, a broker price opinion and an appraisal differ, and what Fla. Stat. 475.611 and 475.612 let a Florida sales associate do, including charging for a price opinion without calling it an appraisal.
    +50 XP

Practice questions

Check yourself with exam-style questions. Each one explains the answer as soon as you pick.

Practice Unit 15