Exam (elaborations)
Unit 7 Q-s (1).
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Exam of 5 pages for the course Texas TBCE Jurisprudence at Texas TBCE Jurisprudence (Unit 7 Q-s (1).)
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Unit 7 Q'san independent contractor contract. - ANS-To define the broker-affiliate broker relationship, the
affiliate broker who will be practicing real estate as an independent contractor must sign
IREM - ANS-The professional organization that offers the designation Certified Property
Manager is
generating income - ANS-A common thread of a commercial property buyer's investment
strategies is
commercial property - ANS-A parking facility is an example of
horizontal property regime - ANS-The Horizontal Property Act allows for condominium
development. The type of zoning in Tennessee that has essentially replaced the Horizontal
Property Act is the
nonresidential property managers. - ANS-Developing employee manuals, budgeting
procedures, and emergency evacuation procedures are among the responsibilities of
most of the agent's income is from production. - ANS-If an agent is an independent contractor,
industrial - ANS-A warehouse is considered which type of property?
fair housing act - ANS-Discrimination against people in the purchase, sale, or lease of real
property because of their disability, familial status, religion, and skin color is prohibited by the
tenant security - ANS-Locks on doors and lighting around the parking lot are examples of a
property manager's dealing with
the tenant - ANS-If there is a written rental agreement between the landlord and the tenant, the
landlord must sign it. It should also be signed by
special purpose property - ANS-When real property does NOT fit the description of residential,
commercial, industrial, or agricultural, it is considered
special purpose. - ANS-An agent normally lists and sells convenience stores associated with
gas stations. Today he has been asked to list and sell a vacant church. This type of property is
considered
a residential property manager. - ANS-Managing properties intended for non-commercial
occupancy is the job of
, residential real estate - ANS-Most new licensees who enter the real estate profession intend to
work in
the developer - ANS-Common area ownership in a planned unit development (PUD) is usually
held by
tenant relations - ANS-Doing what it takes to keep good tenants happy, which directly leads to
their retention, is known as
salaried employees - ANS-Agents working for a property management firm are often hired as
liable because possession signifies acceptance - ANS-A tenant has received a written lease.
The lease was signed by the owner of the property, but the tenant has NOT signed it. Should
the tenant breach the lease, the tenant is
an emotional issue for the buyer - ANS-Buying residential property is
planning emergency evacuation procedures - ANS-Which of the following would be a
responsibility of a commercial real estate property manager?
a percentage lease - ANS-The type of lease often used in retail is
effect a tax deferred exchange - ANS-A commercial agent has been told by a commercial
building owner that he would like to sell his commercial building but cannot afford to because of
the tax implications. The BEST solution the agent could suggest to the owner is to
residential - ANS-Properties designed for occupancy as a residence include cooperatives,
zero-lot-lines, and manufactured housing and are considered which type of property?
tenant improvements - ANS-One of the concerns of a property manager is making a physical
space usable for a tenant's particular needs. Doing so is known as
budget comparison statement - ANS-At the end of a period, such as after a year of operation, a
statement comparing initial budget with actual results is a
asset managers - ANS-Mistakenly, property managers are sometimes considered
retention - ANS-The two Rs that property managers focus on are tenant relations and tenant
commercial - ANS-Business property, including office space, shopping centers, stores, and so
on, is considered which type of property?
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