The Ce Shop: 30-Hr. Tx Principles Of
Real Estate Ii Questions And Answers
With Verified Solutions 100% Correct!!!
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 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
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 classhub. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
