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The CE Shop: 30-HR. TX PRINCIPLES OF REAL ESTATE II $10.99   Add to cart

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The CE Shop: 30-HR. TX PRINCIPLES OF REAL ESTATE II

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The CE Shop: 30-HR. TX PRINCIPLES OF REAL ESTATE II

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  • August 23, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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THE CE SHOP: 30-HR. TX PRINCIPLES
OF REAL ESTATE II QUESTIONS WITH
CORRECT ANSWERS
nWhat happens when an appraisal comes back lower than the asking price? - 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 - A person licensed as a broker who performs brokerage activities and collects
compensation

Real Estate Sales Agent - A person who performs real estate activities while associated with a licensed
real estate broker

Licensee - A person holding a valid license

Appraiser - A person holding certification to estimate the value of real property according to
standardized principles of valuation

Home Inspector - A person who is affiliated with a national nonprofit trade association, has passed the
appropriate exam, and evaluates properties for their condition

Lender - A person who arranges financing for the buyer of real property

Developer - A person who constructs improvements on raw land

Subdivider - A person who splits a single property into smaller parcels in preparation for development

Real Estate Investor - A person who puts money or property into a real estate project for profit

Real Estate Attorney - A person who holds a law degree and specializes in real estate; may legally broker
deals

Real Estate Counselor - A person who provides services to help determine viability of a real estate asset
or project

The Leisure Category - Hotels/motels

Golf courses

Resorts

Sporting arenas

, Movie theaters

Restaurants

The Industrial Category - Heavy manufacturing

Light manufacturing

Warehouse & distribution

The Healthcare Category - Hospitals

Urgent care centers

Doctor's offices

The Residential Category - Single-family

Multifamily

Apartment buildings

Condominiums, cooperatives

The Office Building Category - Class A - prestigious

Class B - fair to good

Class C - functional, below average rent

The Retail Category - Neighborhood shopping centers (strip malls)

Regional shopping malls

The Specialty Category - Mixed-Use

Combined retail/residential

Planned Unit

High-density, zoning mix

Transit-Oriented

Near transportation hub

Private Land Controls - Easements, Liens, and Deed Restrictions

Residential Zone - single-family or multi-family including a duplex or a high rise apartment

Accessory Apartment/Accessory Use - An additional property subordinate to the main use of the
property such as an equipment shed or mother-in-law suite

Home Occupation - A residential zone where the residents of the dwelling conduct business out of their
home.

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