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RealestateU- Texas Principals of Real Estate Part 1- 2024 Exam Questions and Complete Solutions Graded A+ $14.49
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RealestateU- Texas Principals of Real Estate Part 1- 2024 Exam Questions and Complete Solutions Graded A+

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RealestateU- Texas Principals of Real Estate Part 1- 2024 Exam Questions and Complete Solutions Graded A+

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  • 24 de agosto de 2024
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RealestateU- Texas
Principals of Real Estate
Part 1- 2024 Exam
Questions and Complete
Solutions Graded A+
Denning [Date] [Course title]

, Brokerage - Answer: The business of bringing buyers and sellers together and assisting in negotiations
for the terms of sale of real estate



Real Estate Broker - Answer: A person or an organization acting as the agent for others in negotiating
the purchase and sale of real property or other commodities for a fee



Real Estate Salesperson - Answer: A person performing any of the acts included in the definition of real
estate broker but while associated with and supervised by a broker.



Residential Property - Answer: A type of property that includes one to four dwelling units



Commercial Property - Answer: Property that produces rental income or that is used in business.
Properties with five or more dwelling units are considered commercial property



Industrial Property - Answer: Property that is used by companies or persons for manufacturing,
warehousing, or the assemblage of components.



Special Purpose Property - Answer: A category of real property created as a result of combining the land
and its improvements for a single highest and best use



Mixed Use Property - Answer: Any urban, suburban or village development, or even a single building,
that blends a combination of residential, commercial, cultural, institutional, or industrial uses, where
those functions are physically and functionally integrated, and that provides pedestrian connections.



Improvements - Answer: Changes or additions made to a property, such as walls and roads. These
typically increase the value of a property, except in some cases of over improvements



Non-Homogeneity - Answer: A physical characteristic of land describing that land as a unique
commodity



Value - Answer: The present worth of future benefits

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