While Predicting Real Estate Cycles Is Difficult, a Key Indicator

question 4

Multiple Choice

While predicting real estate cycles is difficult, a key indicator used to evaluate where a property is within the cycle is:

• A) the level of household income
• B) the form of land use
• C) the size of the property
• D) the number of building permits issued

---

Definitions:

Law Compliance

The act of adhering to local, national, or international laws and regulations relevant to one's actions or business operations.

Economic Responsibility

The obligation of an organization to contribute to economic development while improving the quality of life of its workforce and the community.

Goods And Services

The tangible products (goods) and intangible items (services) that satisfy human wants or needs and are offered in the market.

Profit Earning

The act of generating financial gain or income from business activities after deducting all expenses, taxes, and costs.