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Real Estate Marketing: Commercial Real Estate (SAE) questions and answers rated A+ 2024/2025 $11.49   Add to cart

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Real Estate Marketing: Commercial Real Estate (SAE) questions and answers rated A+ 2024/2025

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  • Course
  • Texas RE Law SAE
  • Institution
  • Texas RE Law SAE

Real Estate Marketing: Commercial Real Estate (SAE) questions and answers rated A+ 2024/2025

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  • September 21, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • texas re law sae
  • Texas RE Law SAE
  • Texas RE Law SAE
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Real Estate Marketing: Commercial Real
Estate (SAE)

General Lien (additionally Statatory) - ANSattaches to all the assets of the debtor, no longer
exempt from compelled sale (Example: a judgment or IRS lien)

Diplomacy - ANSthe ability to address clients and conditions in a touchy and powerful way - is
crucial in industrial actual estate, and a lack of it may expose you straight away as a amateur.

DTPA - ANSThe Deceptive Trade Practices Act (DTPA) is a Texas law that became passed in
1973. It permits an aggrieved purchaser to sue a vendor of products for damages. The act by
means of the seller of the products has to be misleading or unfair for the purchaser to effectively
sue for financial damages.

CCIM - ANSThe CCIM Institute was set up in 1954 to provide industrial actual property
practitioners an opportunity to in addition their business practices thru education and networking
opportunities. The institute administers the Certified Commercial Investment Member (CCIM)
designation. "Gold Standard"

ICSC - ANSInternational Council of Shopping Centers - The reason of The International Council
of Shopping Centers (ICSC) is to enhance the shopping center enterprise and to promote its
function within the business distribution of patron items and offerings.

Complete database - ANSThis might be one of the greatest property of your enterprise. Pick a
geographical place to farm, and assemble a database of residences and property owners.

Canons of Professional Ethics and Conduct - ANSFIDELITY
INTEGRITY
COMPETENCY
CONSUMER INFORMATION
DISCRIMINATORY PRACTICES

caveat emptor - ANSare two Latin phrases that most of the people have heard in some
unspecified time in the future - "allow the client pay attention." All actual estate transactions in
Texas are performed "as is."

IREM - ANSInstitute of Real Estate Management
is an worldwide network of actual estate managers dedicated to ethical commercial enterprise
practices, maximizing the fee of funding real estate, and selling superior control thru education

, and records sharing. IREM club includes extra than 18,000 individuals and 550 company
members.

BOMA - ANSBuilding Owners and Managers Association is a federation of ninety three BOMA
U.S. Associations, BOMA Canada, and 13 BOMA international associates. BOMA
International's individuals are constructing owners, managers, builders, leasing specialists,
company facility managers, asset managers, and the companies of the products and services
had to function business homes.

Intermediary brokerage - ANSAll business agents exercise middleman due to the fact it is of
their nice pastimes to do so. As the middleman, the broker can sell one of his personal listings
to a consumer. This is the motive that many properties are in no way listed available on the
market as "on the market." It is greater useful to preserve the commission in-house, so others
are not vying for part of the commission.

Honest housing - ANSlaws exist on the federal, country and local levels to make sure that every
one citizens have unob- structed access to housing. Residential agents need to constantly
adhere to all fair housing legal guidelines and can't discriminate or refuse to sell or rent property
based totally upon a customer's race, colour, national starting place, religion, intercourse,
familial repute or handicap.

SIOR - ANSSociety of Industrial and Office Realtors is a professional company started in 1939,
with over 3,000 members global that offers the SIOR Designation, a symbol of know-how,
manufacturing, and ethics in the actual estate industry.

NARPM - ANSMost single-own family houses used as rentals are controlled by means of the
proprietor/ landlord. However, a developing portfolio of houses, homes scattered over a big
vicinity, and other factors may also make professional management ideal. The National
Association of Residen- tial Property Managers is an organisation of managers of single-own
family and small multifamily houses. For more statistics, visit http://www.Narpm.Org.

Commercial actual estate is often defined as any actual property that is _____________. -
ANSNot residential in nature

Which of the subsequent is a great reason for joining a big-name worldwide commercial real
estate firm? - ANSGood mentorship application

Which announcement concerning industrial actual estate is FALSE? - ANSPocket listings are
uncommon and can be considered as unethical

supply and call for - ANSare perhaps the number one determinants of actual estate values.
When the call for for real estate is high and the supply low, prices in the marketplace go up.

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