Alabama Real Estate Practice Exam 2026 – All-in-One Guide to Master Your Real Estate License!

Question: 1 / 400

What affects real estate prices according to the principle of change?

Only economic factors

Only the number of rooms in a house

Supply, demand, and economic trends

The principle of change states that the real estate market is constantly in a state of flux and is influenced by various factors such as supply and demand, economic trends, and political factors. This means that real estate prices can be affected by a combination of these factors, not just one of them in isolation. Therefore, options A and D are incorrect as they only mention one factor. Option B is also incorrect because while the number of rooms may be a contributing factor, it is not the only factor that affects real estate prices.

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Only political factors

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