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Real Estate Units 1-3 Questions And Answers With Verified Solutions Already Passed!!!
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Real Estate Units 1-3 Questions And Answers With Verified Solutions Already Passed!!!
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Real Estate Units 1-3 Questions AndAnswers With Verified Solutions Already
Passed!!!
a management agreement - ANSWER✔✔ The scope of the property manager's
work depends on the terms of the individual employment contract, known as
The words broker and REALTOR® are - ANSWER✔✔ not necessarily related; a
broker is a real estate licensee, and a REALTOR® is a real estate licensee who is a
member of the National Association of REALTORS®.
Broker - ANSWER✔✔ A licensed real estate professional acting as a point of
contact between two or more people in negotiating the sale, rental, or purchase of a
property is known as a(n)
Real estate is unique and immobile. This means that - ANSWER✔✔ the market
can adjust quickly to the forces of supply and demand.
Real Estate Appraiser - ANSWER✔✔ A professional opinion of a property's
market value, based on established methods and using trained judgment, is
performed by a
The property manager's basic responsibility is to - ANSWER✔✔ protect the
owner's investment and maximize return.
Under a cooperative form of ownership, an owner - ANSWER✔✔ is a shareholder
in the corporation that owns the building.
All of the following are categories of the uses of real property EXCEPT -
ANSWER✔✔ developmental
increase - ANSWER✔✔ If demand remains steady when the supply of a
commodity decreases, the price will
specializations within the real estate industry - ANSWER✔✔ Property
management, appraisal, financing, and development are all examples of
, A licensed real estate broker is permitted to charge a fee for providing services
involving real estate EXCEPT - ANSWER✔✔ appraising
price tends to fall - ANSWER✔✔ When demand for a commodity decreases and
supply remains the same
Commercial real estate includes - ANSWER✔✔ office space, shopping centers,
and stores, as well as theaters, hotels, and parking facilities.
rise - ANSWER✔✔ When the supply of a commodity decreases while demand
remains the same, price tends to
A major manufacturer of automobiles announces that it will relocate one of its
factories, along with 2,000 employees, to a small town. What effect will this
announcement MOST likely have on the small town's housing market? -
ANSWER✔✔ Houses will likely become more expensive
All of the following are economic characteristics of land EXCEPT - ANSWER✔✔
uniqueness
location, location, location - ANSWER✔✔ The area preference or situs (place) of
a property is commonly referred to as
improvements to the land - ANSWER✔✔ The development of one parcel of land
can have a significant impact on its value, as well as the value of nearby parcels,
because of the economic characteristic that considers
physical characteristics of land - ANSWER✔✔ Immobility, indestructibility, and
uniqueness are considered the
A woman rents space in a commercial building where she operates a bookstore. In
the bookstore, she has installed large reading tables fastened to the walls and
bookshelves that create aisles from the front of the store to the back. These shelves
are bolted to both the ceiling and the floor. Which of the following
BESTcharacterizes the contents of the bookstore? - ANSWER✔✔ The shelves and
tables are trade fixtures and may properly be removed by the woman before her
lease expires, and the tenant would be responsible to the landlord for any damage
that their removal caused to the premises.
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