Exam (elaborations)
LEASING AGENT QUESTIONS AND ANSWERS
- Course
- Institution
LEASING AGENT QUESTIONS AND ANSWERS
[Show more]
Content preview
Name: Score:116 Multiple choice questions
Term 1 of 116
Trade Fixture
Article installed by tenant under lease and removable by tenant before lease expires
Co-ownership in which each owner holds an undivided fractional interest in real
property like sole owner
the process of finding small but profitable market segments and designing or finding
products for them
Rights to use space above earth may be sold or leased independently
Term 2 of 116
Development
The federal housing administration (FHA) and department of veterans affairs (va) impact
by
_____ ___________ includes surface, subsurface, airspace, Amy improvements, and bundle of
legal rights.
Improvements to land (onsite ex:roads,new buildings or offsite:water lines, or storm
sewers.
Cultivated crops such as wheat, corn, vegetables, and fruit are called
Term 3 of 116
Relationship broker, managing broker or leasing agent may have with buyers, sellers, landlords
and tenants.
Designated Agent
Fiduciary
Principal
Agency
,Term 4 of 116
Merge diverse land uses as housing, recreation facilities, and commercial concerns in one self
contained development.
Highrise developments
Cooperative
Planed unit development (PUDs)
Retirement communities
Term 5 of 116
Exaggeration of property's beneiefits is called
Dual Agency
Steering
Fiduciary
Puffing
Term 6 of 116
FEMA defines a flood as
Consumer
Single family or multi family housing
Overflow, rapid accumulation, mudflow, colapse of land along shore
General agent
Term 7 of 116
Total mortgage debt reduced through monthly payments owners ownership interest is called
Equity
Net Lease
Percentage Lease
Ethics
,Term 8 of 116
Poessesion, control, enjoyment, exclusion, dispostion
The five parts of the bundle of legal of legal rights
Determine how prices for goods and services are set.
Splitting a single property into smaller parcels (bundels)
Mortgage principal, interest, taxes,insurance
Term 9 of 116
Lease might contain a _____ __ _____ _______ Clause, allowing tenant opportunity to buy property
before owner excepts another offer from another party
Actual eviction
Graduated lease
Right of first refusal
Right of first offer
Term 10 of 116
Tenancy in common
Business property, including office space, shopping centers, stores, theaters, hotels, and
parking facilities
Permanence of land, long term nature of improvements, tends to stabilize investments
The federal housing administration (FHA) and department of veterans affairs (va) impact
by
Co-ownership in which each owner holds an undivided fractional interest in real
property like sole owner
, Term 11 of 116
Leases may be __________, ________ or _______, depending on circumstances and requirements of
statue of frauds.
Writing
Basic form
Written, oral, implied
General agent
Term 12 of 116
Specified rent increases at set future dates
Percentage lease
Index lease
Graduated lease
Gross lease
Term 13 of 116
Appraisal
Business property, including office space, shopping centers, stores, theaters, hotels, and
parking facilities
Estimating property's market value based on professional judgment
increase in prices and fall in purchasing value of money.
Personal property that turns into real property does so by
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller selftest. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now