Real Estate
Real Estate Exam Complete Study Guide Agency, Contracts, Financing, Appraisal, Closing & Property Law
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-470895
What i s a brokerage? T he busi ness of bri ngi ng peopl e tobgether i n a real estate transacti on
A poi nt of contact between two or more peopl e i n negoti ati on the sal e, purchase, or
What i s a broker (or desi gnated representati ve = sal esperson or associ ate broker)?
rental of a property (resi denti al , commerci al , or i ndustri al )
What i s a sal esperson? a l i censee who sel l s property out of a sponsori ng broker's of f i ce.
T he process of esti mati ng a property's market val ue. Assi sts the l ender i n
Appri asal
determi ni ng maxi mum l oan amount.
1
, Real Estate
Real Estate Exam Complete Study Guide Agency, Contracts, Financing, Appraisal, Closing & Property Law
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-470895
Property Manager A person hi red to mai ntai n and manage property on behal f of i ts owner
F i nanci ng T he busi ness of provi di ng the f unds that make real estate transacti ons possi bl e
Subdi vi si on T he process of spl i tti ng a si ngl e property i nto smal l er parcel s.
D evel opment I nvol ves the constructi on of i mprovements on the l and
2
Real Estate Exam Complete Study Guide Agency, Contracts, Financing, Appraisal, Closing & Property Law
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-470895
What i s a brokerage? T he busi ness of bri ngi ng peopl e tobgether i n a real estate transacti on
A poi nt of contact between two or more peopl e i n negoti ati on the sal e, purchase, or
What i s a broker (or desi gnated representati ve = sal esperson or associ ate broker)?
rental of a property (resi denti al , commerci al , or i ndustri al )
What i s a sal esperson? a l i censee who sel l s property out of a sponsori ng broker's of f i ce.
T he process of esti mati ng a property's market val ue. Assi sts the l ender i n
Appri asal
determi ni ng maxi mum l oan amount.
1
, Real Estate
Real Estate Exam Complete Study Guide Agency, Contracts, Financing, Appraisal, Closing & Property Law
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-470895
Property Manager A person hi red to mai ntai n and manage property on behal f of i ts owner
F i nanci ng T he busi ness of provi di ng the f unds that make real estate transacti ons possi bl e
Subdi vi si on T he process of spl i tti ng a si ngl e property i nto smal l er parcel s.
D evel opment I nvol ves the constructi on of i mprovements on the l and
2
