Assignment and subletting Study guides, Revision notes & Summaries

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...

The highest designation bestowed on a property manager? Certified Property Manager (CPM) 3 important technological advances that occurred in the early 1900's? 1. The structural advantages of steel-framed buildings 2. The perfection of high-speed elevators 3. The continued use of the automobile Resident Managers duties include? 1. Renting units 2. Collecting rents 3. Responsibility for tenant relations 4. Maintenance 5. Supervision 6. Keeping records 7. Completing proper...

MN Course 2 Exam Prep: Buyer Contracts and Financing Latest Update Graded A+ Buyer's agent The agent representing the buyer, and only the buyer, in a real estate transaction Buyer agency agreement An agency agreement between a buyer and an agent to provide representation; it explains the duties of the agent to the buyer and the duties of the buyer to the agent. Client The principal in a transaction who is represented by an agent Customer A person related to the transaction wh...

Property Management - Exam 1 - Chapters 1-5 Graded A+ Chapter 1 Goals of the Property Manager 1. Achieve the objectives of the property owners; 2. Generate income for the owners; 3. Perserve and/or increase the value of the investment property. Development of the Property Management Profession Steel frame buildings and the electric elevator. Development of the suburban areas. Classification of real property 1.Residential 2. Commercial 3. Industrial 4. Special-purpose Chapter 2 Season Var...

ALIENATION SUMMARY  Analyse alienation covenants and apply common law/statute to advise a client  Advise a client on the PROCEDURE for assigning/underletting a lease. What is it? ALIENATION  TRANSFER OF INTEREST IN LEASE. > Tenant disclaims their interest in the lease. o E.g. client’s business is not doing well so client wants to get out of the lease. If there is no break clause in the lease, their only option is alienation. > Alienation can involve: o Assignment o Un...

Texas Real Estate Exam Prep (From PearsonVUE and & Champions National Exam Prep) A property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements b) improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a) riparian b) littoral c) ap...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements - Answer- b) improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a) riparian b) littoral c) appropriative d) appropriation - Answer- a) riparian A commercial tenant ...

ALIENATION SUMMARY  Analyse alienation covenants and apply common law/statute to advise a client  Advise a client on the PROCEDURE for assigning/underletting a lease. What is it? ALIENATION  TRANSFER OF INTEREST IN LEASE. • Tenant disclaims their interest in the lease. ◦ E.g. client’s business is not doing well so client wants to get out of the lease. If there is no break clause in the lease, their only option is alienation. • Alienation can involve: ...

Texas Real Estate Exam Prep (From PearsonVUE and & Champions National Exam Prep) A property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements b) improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a) riparian b) littoral c) ap...