Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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Which of the following describes a market that is slow to respond?

The real estate market
The stock market
The fast-food market
The technology market

The correct answer is: The real estate market

A market that is slow to respond means that it takes longer for changes or fluctuations to occur or for trends to be reflected. The real estate market is typically slow to respond due to factors like long-term contracts, legal regulations, and the high cost and complexity of transactions. In comparison, the stock market and technology market are more reactive, with prices and trends changing rapidly. The fast-food market may also be quicker to respond, as consumer preferences and demand can shift quickly. Therefore, the real estate market is the best choice to describe a slow-to-respond market.