Connecticut Real Estate License
brokerage - answer the business of bringing people together in a real estate transaction
broker - answer a person or company licensed to buy, sell, exchange, or lease real
property for others and to charge a fee for these services
real estate salesperson - answer employed by or associated with the broker to perform
brokerage activities on behalf of or for the broker
real estate licensee - answer a person who has satisfied the requirements of a licensing
agency, as authorized by state legislation
appraisal - answer the process of developing an opinion of a property's market value,
based on established methods and the appraiser’s professional judgment
appraiser - answer must have detailed knowledge of the methods of valuation
property manager - answer a person or company hired to maintain and manage
property on behalf of the property owner
financing - answerthe business of providing the funds that make real estate sales
transactions possible
subdivision - answerthe dividing of a single property into smaller parcels
development - answerinvolved preparation of a site and construction of structures or
other improvements
home inspection - answera profession that combines a practitioner's interest in real
estate with skills and training in the construction trades
home inspector - answerconducts a thorough visual survey of a property's structure,
systems, and site conditions and prepares an analytical report that is valuable to both
purchasers and homeowners
caveat emptor - answerbuyer beware
real estate counselor - answerfurnish clients with the information needed to make
informed decisions, must have a high degree of industry expense
categories of real property - answerresidential, commercial, mixed-use, industrial,
agricultural, special purpose
, residential - answerall property used for single-family or multifamily housing, whether in
urban, suburban, or rural areas
commercial - answerbusiness property, including office space, shopping centers, stores,
theaters, hotels, and parking facilities
mixed-use - answerproperty that allows for two or more commercial and residential uses
in the same building
industrial - answerwarehouses, factories, land in industrial districts, and power plants
agricultural - answerfarms, timberland, raches, and orchards
special purpose - answerprivately owned properties, such as places of worship,
schools, and cemeteries, as well as publicly held properties, such as schools, municipal
service, buildings and parks
single-family detached house - answerone of the most popular, take the form of the row
house that may share a wall with an adjoining property, could have one or more
separate living units on each floor, offering the possibility of an owner-occupied building
that also provides rental income
apartment complex - answermade up of a group of apartment buildings with a varying
number of units in each building
apartment building - answermay be lowrise or highrise
condominimum - answeroffering the security of owning property without the care and
maintenance responsibilities a house demands
common facilities (common elements) - answerexample: halls, elevators, reception
area, laundry room, exercise room, main entrance security system, and surrounding
grounds, swimming pool, clubhouse, tennis courts, etc
cooperative - answerhas units that share common walls and facilities within a larger
building, the owners do not own the units, each owner owns shares in a corporation that
holds title to the real estate, a proprietary lease
planned unit developments (PUD's) - answersometimes called master-planned
communities, might consist entirely of residences, planned under special zoning
ordinances, often permit maximum use of open space by reducing lot sizes and street
areas; may be a few homes or an entire planned community
converted-use properties - answerfactories, warehouses, office buildings, hotels,
schools, churches, and other structures that have been converted to residential use
brokerage - answer the business of bringing people together in a real estate transaction
broker - answer a person or company licensed to buy, sell, exchange, or lease real
property for others and to charge a fee for these services
real estate salesperson - answer employed by or associated with the broker to perform
brokerage activities on behalf of or for the broker
real estate licensee - answer a person who has satisfied the requirements of a licensing
agency, as authorized by state legislation
appraisal - answer the process of developing an opinion of a property's market value,
based on established methods and the appraiser’s professional judgment
appraiser - answer must have detailed knowledge of the methods of valuation
property manager - answer a person or company hired to maintain and manage
property on behalf of the property owner
financing - answerthe business of providing the funds that make real estate sales
transactions possible
subdivision - answerthe dividing of a single property into smaller parcels
development - answerinvolved preparation of a site and construction of structures or
other improvements
home inspection - answera profession that combines a practitioner's interest in real
estate with skills and training in the construction trades
home inspector - answerconducts a thorough visual survey of a property's structure,
systems, and site conditions and prepares an analytical report that is valuable to both
purchasers and homeowners
caveat emptor - answerbuyer beware
real estate counselor - answerfurnish clients with the information needed to make
informed decisions, must have a high degree of industry expense
categories of real property - answerresidential, commercial, mixed-use, industrial,
agricultural, special purpose
, residential - answerall property used for single-family or multifamily housing, whether in
urban, suburban, or rural areas
commercial - answerbusiness property, including office space, shopping centers, stores,
theaters, hotels, and parking facilities
mixed-use - answerproperty that allows for two or more commercial and residential uses
in the same building
industrial - answerwarehouses, factories, land in industrial districts, and power plants
agricultural - answerfarms, timberland, raches, and orchards
special purpose - answerprivately owned properties, such as places of worship,
schools, and cemeteries, as well as publicly held properties, such as schools, municipal
service, buildings and parks
single-family detached house - answerone of the most popular, take the form of the row
house that may share a wall with an adjoining property, could have one or more
separate living units on each floor, offering the possibility of an owner-occupied building
that also provides rental income
apartment complex - answermade up of a group of apartment buildings with a varying
number of units in each building
apartment building - answermay be lowrise or highrise
condominimum - answeroffering the security of owning property without the care and
maintenance responsibilities a house demands
common facilities (common elements) - answerexample: halls, elevators, reception
area, laundry room, exercise room, main entrance security system, and surrounding
grounds, swimming pool, clubhouse, tennis courts, etc
cooperative - answerhas units that share common walls and facilities within a larger
building, the owners do not own the units, each owner owns shares in a corporation that
holds title to the real estate, a proprietary lease
planned unit developments (PUD's) - answersometimes called master-planned
communities, might consist entirely of residences, planned under special zoning
ordinances, often permit maximum use of open space by reducing lot sizes and street
areas; may be a few homes or an entire planned community
converted-use properties - answerfactories, warehouses, office buildings, hotels,
schools, churches, and other structures that have been converted to residential use
