Alabama Real Estate Practice Exam

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Master your Alabama real estate exam with our comprehensive practice test. Tailored feedback, expert tips, and up-to-date questions to ensure your success!

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!

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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.