36. Which of the following is NOT a factor that can affect real estate market prices?
a) Supply and demand
b) Economic conditions
c) Interest rates
d) Stock market performance
37. What is the term used to describe the process of increasing the value of a property through renovations or improvements?
a) Appreciation
b) Depreciation
c) Rehabilitation
d) Refinancing
38. Which of the following is NOT a common type of real estate property valuation method?
a) Market comparison approach
b) Income capitalization approach
c) Replacement cost approach
d) Sales price prediction approach
39. What is the term used to describe the potential profit or loss that can be generated from a real estate investment?
a) Return on investment (ROI)
b) Cash flow
c) Equity
d) Appreciation
40. Which of the following is NOT a common type of real estate investment vehicle?
a) REITs (Real Estate Investment Trusts)
b) ETFs (Exchange-Traded Funds)
c) Real estate mutual funds
d) Real estate partnerships
