Exam (elaborations)
The CE Shop. 30-HR. TX PRINCIPLES OF REAL ESTATE II Questions and Answers
- Course
- Institution
The CE Shop. 30-HR. TX PRINCIPLES OF REAL ESTATE II
[Show more]
Content preview
The CE Shop. 30-HR. TX PRINCIPLES OFREAL ESTATE II
What happens when an appraisal comes back lower than the asking price? - answer1.
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 - answerA person licensed as a broker who performs brokerage
activities and collects compensation
Real Estate Sales Agent - answerA person who performs real estate activities while
associated with a licensed real estate broker
Licensee - answerA person holding a valid license
Appraiser - answerA person holding certification to estimate the value of real property
according to standardized principles of valuation
Home Inspector - answerA person who is affiliated with a national nonprofit trade
association, has passed the appropriate exam, and evaluates properties for their
condition
Lender - answerA person who arranges financing for the buyer of real property
Developer - answerA person who constructs improvements on raw land
Subdivider - answerA person who splits a single property into smaller parcels in
preparation for development
Real Estate Investor - answerA person who puts money or property into a real estate
project for profit
Real Estate Attorney - answerA person who holds a law degree and specializes in real
estate; may legally broker deals
Real Estate Counselor - answerA person who provides services to help determine
viability of a real estate asset or project
, The Leisure Category - answerHotels/motels
Golf courses
Resorts
Sporting arenas
Movie theaters
Restaurants
The Industrial Category - answerHeavy manufacturing
Light manufacturing
Warehouse & distribution
The Healthcare Category - answerHospitals
Urgent care centers
Doctor's offices
The Residential Category - answerSingle-family
Multifamily
Apartment buildings
Condominiums, cooperatives
The Office Building Category - answerClass A - prestigious
Class B - fair to good
Class C - functional, below average rent
The Retail Category - answerNeighborhood shopping centers (strip malls)
Regional shopping malls
The Specialty Category - answerMixed-Use
Combined retail/residential
Planned Unit
High-density, zoning mix
Transit-Oriented
Near transportation hub
Private Land Controls - answerEasements, Liens, and Deed Restrictions
Residential Zone - answersingle-family or multi-family including a duplex or a high rise
apartment
Accessory Apartment/Accessory Use - answerAn additional property subordinate to the
main use of the property such as an equipment shed or mother-in-law suite
Home Occupation - answerA residential zone where the residents of the dwelling
conduct business out of their home.
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 julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80202 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now