Principles of Real Estate MC 1 Exam With 100% Correct Answers 2024

Principles of Real Estate MC 1 Exam With 100% Correct Answers 2024 Brokerage is the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction. a. True b. False - answerA Property managers are generally responsible for the of a property that they manage. a. Day-to-day operations b. Maintenance c. Tenant relations d. All of the above - answerD Mortgage brokers are now known as: a. TFBs b. SROs c. RMLOs d. RBITs - answerC The largest trade organization representing real estate professionals is: a. IREM b. NAR c. SIOR d. TREC - answerB A fair return or equivalent in goods, services, or money for something exchanged is: a. Commerce b. Business c. Value d. Price - answerC Appraisal is the business of: a. Acquisition of land for development into residential subdivisions and retail centers b. Providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for the payment of a debt c. Providing a professional opinion of the value of real property d. Locating units for tenants in multi-family complexes - answerC A professional association whose local affiliate