Chapter 16 Quiz- Real Estate Practice
questions with answers.
Which of the following defines CCIM?? ANS -Certified Commercial Investment Member
Which of the following is true about going to work for a large commercial real estate brokerage firm?
ANS -Better commercial training than most residential firms offer.
Which of the following is defined by a lease under which a tenant is to pay $1,500 per month
for five years and none of the operating expenses? ANS -Full service lease.
Which of the following businesses would likely pay the highest percentage on a percentage lease? ANS -
Parking lot
A percentage lease contains which of the following? ANS -A&C: A minimum rental rate. A covenant to
remain in business clause.
Which of the following businesses is likely to pay the lowest percentage on a percentage lease? ANS -
Supermarket
Which is an untrue statement concerning security deposits? ANS -Nonrefundable cleaning deposits are
allowed if stated in bold print.
An unlicensed assistant can do which of the following activities? ANS -Answer the telephone.
Which of the following indicates that you need a licensed assistant? ANS -ALL OF THE ABOVE:
Your children ask who you are.
You work more than seventy hrs/week.
Some of your sellers have complained they never hear from you.
questions with answers.
Which of the following defines CCIM?? ANS -Certified Commercial Investment Member
Which of the following is true about going to work for a large commercial real estate brokerage firm?
ANS -Better commercial training than most residential firms offer.
Which of the following is defined by a lease under which a tenant is to pay $1,500 per month
for five years and none of the operating expenses? ANS -Full service lease.
Which of the following businesses would likely pay the highest percentage on a percentage lease? ANS -
Parking lot
A percentage lease contains which of the following? ANS -A&C: A minimum rental rate. A covenant to
remain in business clause.
Which of the following businesses is likely to pay the lowest percentage on a percentage lease? ANS -
Supermarket
Which is an untrue statement concerning security deposits? ANS -Nonrefundable cleaning deposits are
allowed if stated in bold print.
An unlicensed assistant can do which of the following activities? ANS -Answer the telephone.
Which of the following indicates that you need a licensed assistant? ANS -ALL OF THE ABOVE:
Your children ask who you are.
You work more than seventy hrs/week.
Some of your sellers have complained they never hear from you.
