FUNDAMENTALS OF REAL ESTATE PROCTORED QUESTIONS WITH QUESTIONS AND ANSWERS 2023 real estate - CORRECT ANSW-Land and fixed improvements residential property - CORRECT ANSW-Used as dwellings for one or more occupants, can be owned, rented or leased. R

FUNDAMENTALS OF REAL ESTATE PROCTORED QUESTIONS WITH QUESTIONS AND ANSWERS 2023 real estate - CORRECT ANSW-Land and fixed improvements residential property - CORRECT ANSW-Used as dwellings for one or more occupants, can be owned, rented or leased. Recreational Property - CORRECT ANSW-land used for leisure activities, such as parks, forests, time-shares and campgrounds Estoppel Certificate - CORRECT ANSW-A document in which a borrower certifies the amount owed on a mortgage loan and the rate of interest. Disclosure Level 1 - CORRECT ANSW-Trading in real estate with a party that is represented by another real estate professional from another brokerage Disclosure Level 2 - CORRECT ANSW-Trading in Real Estate with a party that is not represented by a real estate professional Disclosure Level 3 - CORRECT ANSW-Trading in Real Estate with a party that is represented by the same brokerage commercial property - CORRECT ANSW-Business property, including office space, shopping centers, stores, theaters, hotels, and parking facilities industrial property - CORRECT ANSW-Warehouses, factories, land in industrial districts, and power plants