Bob Hogue Real Estate Class Test Save
Terms in this set (521)
A property holder who does not reside on the
Absentee Owner property and who usually relies on a property
manager to manage the investment.
The process of developing and communicating an
Appraisal
estimate of a property's
Appraisers charge a fee based on the time and
Appraiser difficulty of the appraisal assignment and are not
paid commission.
A broker's written opinion of the value of a
Broker Price Opinion particular property that may not be used in
(BPO) connection with the originating a federally related
loan; not an appraisal.
Real estate licensees who engage in the sale,
Business Broker
purchase, or lease of businesses.
The sale or lease of an existing business, including
Business Opportunity
the sale of tangible and intangible assets
must hold a CAM license when the community
Community Association
association consists of more than 10 units or has an
Manager (CAM)
annual budget in excess of $100,000.
An informal estimate of market value performed by
a real estate licensee for the seller to assist in
Comparative Market arriving at an appropriate listing price, or if working
Analysis (CMA) with the buyer, an informal estimate of market value
to assist the buyer in arriving at an appropriate
offering price.
, The gift of land by an owner, in this case developer,
to a government body for public use. A valid
dedication of land from the owner to the
Delication
municipality requires both an offer to dedicate
(donate) the land and an acceptance by the
municipality.
one specific portion of a city, where a broker and
Farm Area
sales associate are experts in that particular portion
the sales step in which a salesperson follows up
Follow-Up after the sale to ensure customer satisfaction and
repeat business
database that allows real estate brokers
Multiple Listing Service representing sellers under a listing contract to share
(MLS) information about properties with real estate
brokers who may represent potential buyers
The leasing, managing, marketing, and overall
Property Management
maintenance of property for others.
Involves the leasing, managing, marketing, and
Property Manager
maintenance of property
A part of the real estate business that is concerned
with bringing together buyers and sellers and
Real Estate Brokerage
owners and renters and completing a real estate
transaction.
a real estate licensee who is a member of the
REALTOR®
National Association of REALTORS®.
A person who, for a fee, acts as an intermediary
between a person seeking to lease a housing
Rental Agent
accommodation and a property owner seeking to
acquire a lease for a housing accommodation.
a specific group of prospects chosen because of its
Target Market
demographic, financial, and lifestyle characteristics
Real estate professionals 1. Knowledge of property transfer
provide expert 2. Knowledge of market conditions
information in which 3. Knowledge of how to market real estate and
three areas? businesses
Terms in this set (521)
A property holder who does not reside on the
Absentee Owner property and who usually relies on a property
manager to manage the investment.
The process of developing and communicating an
Appraisal
estimate of a property's
Appraisers charge a fee based on the time and
Appraiser difficulty of the appraisal assignment and are not
paid commission.
A broker's written opinion of the value of a
Broker Price Opinion particular property that may not be used in
(BPO) connection with the originating a federally related
loan; not an appraisal.
Real estate licensees who engage in the sale,
Business Broker
purchase, or lease of businesses.
The sale or lease of an existing business, including
Business Opportunity
the sale of tangible and intangible assets
must hold a CAM license when the community
Community Association
association consists of more than 10 units or has an
Manager (CAM)
annual budget in excess of $100,000.
An informal estimate of market value performed by
a real estate licensee for the seller to assist in
Comparative Market arriving at an appropriate listing price, or if working
Analysis (CMA) with the buyer, an informal estimate of market value
to assist the buyer in arriving at an appropriate
offering price.
, The gift of land by an owner, in this case developer,
to a government body for public use. A valid
dedication of land from the owner to the
Delication
municipality requires both an offer to dedicate
(donate) the land and an acceptance by the
municipality.
one specific portion of a city, where a broker and
Farm Area
sales associate are experts in that particular portion
the sales step in which a salesperson follows up
Follow-Up after the sale to ensure customer satisfaction and
repeat business
database that allows real estate brokers
Multiple Listing Service representing sellers under a listing contract to share
(MLS) information about properties with real estate
brokers who may represent potential buyers
The leasing, managing, marketing, and overall
Property Management
maintenance of property for others.
Involves the leasing, managing, marketing, and
Property Manager
maintenance of property
A part of the real estate business that is concerned
with bringing together buyers and sellers and
Real Estate Brokerage
owners and renters and completing a real estate
transaction.
a real estate licensee who is a member of the
REALTOR®
National Association of REALTORS®.
A person who, for a fee, acts as an intermediary
between a person seeking to lease a housing
Rental Agent
accommodation and a property owner seeking to
acquire a lease for a housing accommodation.
a specific group of prospects chosen because of its
Target Market
demographic, financial, and lifestyle characteristics
Real estate professionals 1. Knowledge of property transfer
provide expert 2. Knowledge of market conditions
information in which 3. Knowledge of how to market real estate and
three areas? businesses
