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Connecticut Real Estate License Exam With Complete Solutions Latest Update
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Voorbeeld van de inhoud
Connecticut Real Estate License Exam WithComplete Solutions Latest Update
brokerage - ANSWER the business of bringing people together in a real estate
transaction
broker - ANSWER a person or company licensed to buy, sell, exchange, or lease real
property for others and to charge a fee for these services
real estate salesperson - ANSWER employed by or associated with the broker to
perform brokerage activities on behalf of or for the broker
real estate licensee - ANSWER one who has met the requirements of a licensing agency,
authorized by state legislation
appraisal - ANSWER act or process of forming an opinion of a property's market value,
based on established methods and the appraisers professional judgment
appraiser - ANSWER must have detailed knowledge of the methods of valuation
property manager - ANSWER a person or company hired to maintain and manage
property on behalf of the property owner
financing - ANSWER the business of providing the funds that make real estate sales
transactions possible
subdivision - ANSWER the dividing of a single property into smaller parcels
development - ANSWER involved preparation of a site and construction of structures or
other improvements
, home inspection ANSWER a profession that melds a practitioner's interest in real estate
with skills and training in the construction trades
home inspector ANSWER one who conducts a careful visual survey of a property's
structure, systems, and site conditions and prepares an analytical report worthwhile to
purchasers and homeowners alike
caveat emptor ANSWER buyer beware
real estate counselor ANSWER provide clients with the facts necessary to arrive at a
decision must have a high level of industry expense categories of real property
ANSWER residential, commercial, mixed-use, industrial, agricultural, special purpose
residential ANSWER all property used for single-family or multifamily housing whether in
urban, suburban, or rural areas commercial ANSWER business property, including
office space, shopping centers, stores, theaters, hotels and parking facilities
mixed-use - ANSWER property that permits two or more commercial and residential
uses in the same building
industrial - ANSWER warehouses, factories, land in industrial districts, and power plants
agricultural - ANSWER farms, timberland, raches, and orchards
special purpose - ANSWER privately owned properties, such as places of worship,
schools, and cemeteries, as well as publicly held properties, such as schools, municipal
service, buildings and parks
single-family detached house - ANS one of the most popular, take the form of the row
house that may share a wall with an adjoining property, could have one or more
separate living units on each floor, offering the possibility of an owner-occupied building
that also provides rental income
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