Aceable Agent: Level 1 Exam Questions with Correct Answers

Aceable Agent: Level 1 Exam Questions with Correct Answers Five Catagories of Real Estate Properties - answer(1) Residential, (2) Commercial, (3) Industrial, (4) Farm & Land/ Agriculture (5) Special Purpose Apartment Locator - answerA real estate license holder who locates dwelling units for prospective tenants Tenant - answerone who possesses (rents) real property for a period of time, usually under a lease. The property or estate is normally owned by the landlord. Broker - answerSomeone who assists in buying and selling to recieve a commission. Client - answerThe person that an agent is representing, made official through a representation document. Sales Agent Apprentice Education (SAE) - answeran educational requirement for courses in the first two years of being licensed as a real estate agent. Consumer - answerA person or company that buys or leases any product or service. Education Standards Advisory Committee (ESAC) - answerTo review and revise curriculum standards, course content and instructor certification requirements for both qualifying and continuing education courses. Committee Members - answer12 members appointed by the commission. *Seven members who are license holders. *Four education members who are real estate instructors or owners of real estate schools. *One member who represents the public. *Serve staggered two- year terms. Real Estate Industry Services - answerBrokerage, Appraisal, Property Managment, Development, Counceling, Financial and Education. Residential Real Estate - answerSingle Family Dwelling, Duplex, Triplex, and Fourplex.