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Real Estate Marketing Commercial Real Estate (SAE) questions with answers 100%.
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Real Estate Marketing Commercial Real Estate (SAE) questions with answers 100%.
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Real Estate Marketing Commercial RealEstate (SAE) questions with answers
100%.
attaches to all the property of the debtor, not exempt from forced sale (Example: a judgment or IRS lien)
ANS -General Lien (also Statatory)
the ability to handle clients and situations in a sensitive and effective way - is critical in commercial real
estate, and a lack of it can expose you immediately as a beginner. ANS -Diplomacy
The Deceptive Trade Practices Act (DTPA) is a Texas law that was passed in 1973. It allows an aggrieved
consumer to sue a seller of goods for damages. The act by the seller of the goods has to be deceptive or
unfair for the consumer to successfully sue for monetary damages. ANS -DTPA
The CCIM Institute was established in 1954 to give commercial real estate practitioners an opportunity
to further their business practices through education and networking opportunities. The institute
administers the Certified Commercial Investment Member (CCIM) designation. "Gold Standard" ANS -
CCIM
International Council of Shopping Centers - The purpose of The International Council of Shopping
Centers (ICSC) is to advance the shopping center industry and to promote its role in the commercial
distribution of consumer goods and services. ANS -ICSC
This will be one of the greatest assets of your business. Pick a geographical region to farm, and assemble
a database of properties and property owners. ANS -comprehensive database
FIDELITY
INTEGRITY
COMPETENCY
CONSUMER INFORMATION
DISCRIMINATORY PRACTICES ANS -Canons of Professional Ethics and Conduct
, are two Latin words that most people have heard at some point - "let the buyer beware." All real estate
transactions in Texas are done "as is." ANS -caveat emptor
Institute of Real Estate Management
is an international community of real estate managers dedicated to ethical business practices,
maximizing the value of investment real estate, and promoting superior management through education
and information sharing. IREM membership includes more than 18,000 individuals and 550 corporate
members. ANS -IREM
Building Owners and Managers Association is a federation of 93 BOMA U.S. associations, BOMA Canada,
and 13 BOMA international affiliates. BOMA International's members are building owners, managers,
developers, leasing professionals, corporate facility managers, asset managers, and the providers of the
products and services needed to operate commercial properties. ANS -BOMA
All commercial brokers practice intermediary because it is in their best interests to do so. As the
intermediary, the broker can sell one of his own listings to a buyer. This is the reason that many
properties are never listed on the market as "for sale." It is more beneficial to keep the commission in-
house, so others are not vying for a part of the commission. ANS -Intermediary brokerage
laws exist at the federal, state and local levels to ensure that all citizens have unob- structed access to
housing. Residential agents must always adhere to all fair housing laws and cannot discriminate or
refuse to sell or rent property based upon a buyer's race, color, national origin, religion, sex, familial
status or handicap. ANS -fair housing
Society of Industrial and Office Realtors is a professional organization begun in 1939, with over 3,000
members worldwide that offers the SIOR Designation, a symbol of knowledge, production, and ethics in
the real estate industry. ANS -SIOR
Most single-family homes used as rentals are managed by the owner/ landlord. However, a growing
portfolio of homes, homes scattered over a large area, and other factors may make professional
management desirable. The National Association of Residen- tial Property Managers is an organization
of managers of single-family and small multifamily properties. For more information, visit
http://www.narpm.org. ANS -NARPM
Not residential in nature ANS -Commercial real estate is often defined as any real estate that is
_____________.
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