California Real Estate Practice Correct Questions & Answers 2023/2024

mentor - ANSWERA person who guides a trainee through the first few months or transactions as a salesperson property management - ANSWERThe operation and maintenance of rental properties appraiser - ANSWERA person who estimates property value prospecting - ANSWERThe act of seeking out potential clients listing agreement - ANSWERA contract between the property owner and the broker to place properties for sale with the brokerage offer to purchase - ANSWERThe proposal made by a potential buyer to an owner of property to purchase the property under stated terms. counteroffer - ANSWERThe rejection of an original purchase and the submission of a new and different offer Multiple Listing Service (MLS) - ANSWERA cooperative listing service conducted by a group of brokers, usually members of a real estate associationl independent contractor - ANSWERA person who chooses the method to use in completing the work under contract, and is accountable for the results commission - ANSWERThe main source of earnings for real estate salespeople and brokers based on a certain percentage of the prope