Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

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
Only political factors

The correct answer is: 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.