Aceable Agent Texas Real Estate Principles 1 Level 1.pdf file:///C:/Users/HP/Desktop/NIW/Aceable%20Agent%20Texas%20R
Aceable Agent Texas Real Estate Principles 1 Level 1
1. apartment locator
ANS a real estate license holder who locates dwelling units for prospective tenants
2. approved forms
ANS forms prepared and authorized by the Texas Real Estate Com- mission that can be used by
real estate license holders
3. broker
ANS a person or business entity who is licensed to represent one of the parties in a real estate
transaction in exchange for a commission or other valuable consideration
4. broker price opinion (BPO)
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,Aceable Agent Texas Real Estate Principles 1 Level 1.pdf file:///C:/Users/HP/Desktop/NIW/Aceable%20Agent%20Texas%20R
ANS a broker's opinion of the value of a piece of real property, given in writing
5. client
ANS the person whom an agent is representing, made official through a repre- sentation
document
6. cloud
ANS any claim to or encumbrance on the title to a property which affects transferability
7. comparative market analysis
ANS a report comparing the prices of sold homes that are similar to the subject property (called
comparables), created by a license holder to help the seller or buyer determine the market value
8. consumer
ANS a person or company that buys or leases any product or service
9. immobility
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