Trec Sae Marketing I Study Guide Graded A+

Escrow Account {Ans: An account held by the lending institution into which the borrower pays taxes and insurance when they become due.}Executive Summary {Ans: A written description that provides the reader with an overview of the business plan}Blockbusting {Ans: Practice of inducing the panic selling of homes at below market value, generally by raising fears that an influx of individuals belonging to a particular minority group will decrease property values}Cap Rate {Ans: AKA Capitalization Rate, the ratio of NOI to NPV, used to estimate the value of a property}Real Property {Ans: All interests, benefits and rights involved in owning real estate}Inflation Predictors {Ans: P* is the projected price level that should exist given accuracy of the variables}