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!

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What is an example of a political factor affecting real estate?

Interest rates
Rent control
Water supply
Local economy

The correct answer is: Rent control

Rent control is an example of a political factor affecting real estate because it is a government policy that regulates the amount of rent that landlords can charge. This directly impacts the profitability and market value of rental properties in a certain area. Interest rates, water supply, and local economy are not examples of political factors affecting real estate. Interest rates are influenced by the Federal Reserve and economic factors, not political decisions. Water supply is an environmental factor, while local economy is more influenced by market forces and economic policies rather than political decisions.