SAE Test - Property Management (Texas) Questions with 100% Correct Answers | Verified | Latest Update 2024

Which statement is correct? - A. Property mgmt & real estate brokerage are the same thing B. All real estate brokers in Texas must allow sponsored agents to perform property mgmt activities *C. Some real estate brokers do not allow property mgmt activities by their sponsored agents D. Property mgmt is not considered a real estate brokerage activity in Texas In Texas, agents need to be __________ in order to show, lease or accept payment for soliciting space for property owners. - Licensed A(n) ________ is a person who, for a fee, manages a property for someone else. - Property manager The four phases of a business cycle are prosperity, recession, contraction, and ___________. - Recovery Equilibrium is said to be reached if: - There is high supply and high demand Which statement is correct? - *A. Real estate cycles can take longer than the general economic cycle B. Real estate cycles and general economic cycles always move at exactly the same pace C. General economic cycles always take longer than real estate cycles D. No one can ever predict real estate or economic cycles