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Champions School Ch. 1 - Intro to Real Estate Exam Questions and Answers
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Champions School Ch. 1 - Intro to Real Estate Exam Questions and Answers
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Champions School Ch. 1 - Intro to RealEstate Exam Questions and Answers
brokerage - -the aspect of the real estate business that pertains to
overseeing the needs of the parties and completing a transaction.
-RMLOs - -Are also know as mortgage brokers
-NAR - -The largest trade organization representing real estate professionals
-Value - -A fair return or equivalent in goods, services, or money for
something exchanged
-appraisal - -the business of providing a professional opinion of the value of
real property
-mortgage lending - -business of providing money to individuals or
corporations for the conditional transfer or pledge of real estate as security
for payment of a debt
-Property Management - -the management of residential and commercial
properties on behalf
of the investor-owner of the property.
-Apartment Locators - -work for firms that specialize in locating units for
tenants in multi-family
complexes
-Apartment Locators. License or no license? - -license
-Home Inspectors - -licensed in Texas by the Texas Real Estate Commission
(TREC). The inspector-
candidate must complete a series of courses and pass the state exam
-Real Estate Development - -most often involves the acquisition of land for
development into residential subdivisions, retail centers and other
commercial uses.
-Oil & Gas Companies - -employ a large number of individuals with a real
estate background
-Institute of Real Estate Management (IREM) - -An international community
of real estate managers dedicated to ethical business
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