All of the Following Statements About the Online Real Estate

question 65

Multiple Choice

All of the following statements about the online real estate services market are true except:

• A) the first step in the home buying process for nearly all ages of home buyers is to look online.
• B) the major impact of Internet real estate sites has been in influencing offline decisions.
• C) the primary service offered by real estate sites is a listing of houses available.
• D) the Internet and e-commerce have created a revolution in the real estate value chain.

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Definitions:

Tax Purposes

The reasons or objectives behind levying taxes on individuals or entities, which could involve raising revenue for public services, redistributing wealth, or influencing economic decisions.

Night Auditor

A hotel or facility employee who performs accounting and other duties during the nighttime, often handling both front desk and financial transactions.

Standard Mileage Rate

A fixed rate set by the IRS that taxpayers can use to calculate deductible vehicle expenses for business, charitable, medical, or moving purposes.

Depreciation

Depreciation is the accounting method of allocating the cost of a tangible asset over its useful life, representing wear and tear, deterioration, or obsolescence of the asset.