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Influences on Real Estate Value: Economic, Governmental & Social

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The most reliable factors that can influence the value of a property are:

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1. Zoning and building codes are both examples of _____ influence on value

2. If John wants to open a nursery school business in the area that he is going to live in, not only does he have to check the building codes and regulations, but if he wants to make a proper business decision, he would also do some research on determining the number of potential students he could attract by learning more about which external factor used in determining market value?

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About This Quiz & Worksheet

Test yourself on your understanding of real estate value influences with these questions. See what you know about factors affecting property value as well as relevant phrases.

Quiz & Worksheet Goals

Answer questions on these areas:

  • Social factors affecting the value of a property
  • External factors needed to determine the market value of a property
  • Factors needed to properly determine the value of a piece of property
  • The type of factor zoning and building codes are
  • The most reliable factors that can influence the value of a property

Skills Practiced

You can practice these skills with the quiz:

  • Interpreting information - verify that you can read information regarding social factors that affect property value and interpret it correctly
  • Information recall - access the knowledge you've gained regarding factors influencing property value
  • Reading comprehension - ensure that you draw the most important information from the related real estate value lesson

Additional Learning

Read the accompanying lesson Influences on Real Estate Value: Economic, Governmental & Social to learn more about factors affecting real estate. The following topics are covered:

  • Considerations purchasers have to make when buying real estate
  • How social impacts change over time, including examples
  • Examples of zoning code restrictions
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