Principles of Real Estate Exam With 100% Correct Answers 2024

Principles of Real Estate Exam With 100% Correct Answers 2024 In the real estate business, which professional's primary role is to make improvements to land? - answerReal estate developer Hotels, motels, golf courses, resorts, and sporting arenas belong to which of these property categories? - answerleisure In the real estate business, which professional's primary role is to estimate property value based on established valuation guidelines? - answerReal Estate Appraiser Shopping centers and malls belong to which of these property categories? - answerRetail Of the six categories of real estate, what types of properties are hospitals, urgent care centers, and doctor's offices? - answerHealthcare In the real estate business, which professional's primary role is to protect brokerages from litigation and to answer questions for licensees about legal matters regarding real estate transactions? - answerReal Estate attorney Single-family, multi-family (duplex, triplex, etc.), apartment buildings, condominiums, and cooperatives are part of what property category? - answerResidential Because these types of properties have both specific physical and complex operational requirements, they are usually handled by more experienced real estate professionals. - answerIndustrial Consider the travel, tourism, and hospitality industry for a moment. Visiting the best beaches? No problem. Now consider acting as a real estate licensee specializing in resort and vacation properties. It's a whole different beach volleyball game, right? What type of information should licensees know and understand before they can competently represent clients in this specialty area? - answerThe regulations for timeshare properties and vacation rentals Timeshare properties are also referred to as _________________. - answerResort Properties What's required in order to call an auction? - answeran auctioneer's license Luciana is very successful in her profession, partially because she was fortunate enough to connect with several developers in the early days of her career. Since then, she's built a solid reputation as the "go to" person in the state to list properties on the MLS and show model homes in newly developed communities. What's Luciana's profession? - answerShes a real estate licensee Bryant is a professional who spends his days drafting plans for new communities. He must consider what these newly developed areas of town will require, including streets and open areas like parks. In what profession does Bryant specialize? - answerHe's a planner Where do live auctions typically take place? - answerOn the steps of the local courthouse Sam has a degree and experience in agricultu