Question 26 an Overreaction by developers in response to a change in demand typically results in A) an Increase in values. B) A decrease in vacancies. C) A decrease in value with a decrease in vacancies. D) A decrease in rents with an increase in vacancies. Question 27 A man owned two acres of land. He sold one acre to a woman and reserved an easement for entrance and exit over her acre to reach the public road.

The woomans land is: A) A subject to easement in gross. B) Called the dominant estate. C) Called the servient estate. D) Capable of being cleared of the easement if the woman sells to a third party. Question 28 the advantage one locality has over another because of transportation, natural resources or labor force is known as A) economic base. B) Comparative advantage. C) Gentrification. D) Market stability. Question 29 the business of operating real property on the owners behalf refers to A) Real estate brokerage. B) Appraisal. C) Property management. D) Mortgage brokerage. Question 30 HOPA is designed to address the need of which of the following protected group classifications? A) Sex. B) Age. C) Race. D) Disability.

Question 31 in the short term, what will be the effect of a very large and rapid population increase on local real estate markets? A) Increased prices. B) Increased supply. C) Reduced supply. D) Insufficient information is provided to determine an answer. Question 32 which of the following is NOT a governmental power over private property? A) Reversion. B) Eminent domain. C) Taxation. D) Echeat.