The CE Shop: 30-HR. TX PRINCIPLES
OF REAL ESTATE II
What happens when an appraisal comes back lower than the asking price? - Answer -1.
They can acknowledge a fail
2. The buyer can increase the down payment
3. The seller can lower the asking price
4. They can compromise
Real Estate Broker - Answer -A person licensed as a broker who performs brokerage
activities and collects compensation
Real Estate Sales Agent - Answer -A person who performs real estate activities while
associated with a licensed real estate broker
Licensee - Answer -A person holding a valid license
Appraiser - Answer -A person holding certification to estimate the value of real property
according to standardized principles of valuation
Home Inspector - Answer -A person who is affiliated with a national nonprofit trade
association, has passed the appropriate exam, and evaluates properties for their
condition
Lender - Answer -A person who arranges financing for the buyer of real property
Developer - Answer -A person who constructs improvements on raw land
Subdivider - Answer -A person who splits a single property into smaller parcels in
preparation for development
Real Estate Investor - Answer -A person who puts money or property into a real estate
project for profit
Real Estate Attorney - Answer -A person who holds a law degree and specializes in real
estate; may legally broker deals
, Real Estate Counselor - Answer -A person who provides services to help determine
viability of a real estate asset or project
The Leisure Category - Answer -Hotels/motels
Golf courses
Resorts
Sporting arenas
Movie theaters
Restaurants
The Industrial Category - Answer -Heavy manufacturing
Light manufacturing
Warehouse & distribution
The Healthcare Category - Answer -Hospitals
Urgent care centers
Doctor's offices
The Specialty Category - Answer -Mixed-Use
Combined retail/residential
Planned Unit
High-density, zoning mix
Transit-Oriented
Near transportation hub
Private Land Controls - Answer -Easements, Liens, and Deed Restrictions
Residential Zone - Answer -single-family or multi-family including a duplex or a high rise
apartment
Accessory Apartment/Accessory Use - Answer -An additional property subordinate to
the main use of the property such as an equipment shed or mother-in-law suite
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 millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.