Champions Real Estate - Principles 1 Exam 2023/2024 updated Questions and Answers 100% Correct

brokeragethe aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships The role of a property managerGenerally responsible for the day to day operations of the property, maintenance, and tenant relations How are home inspectors licensed?Home inspectors are licensed in Texas by TREC. Real Estate Developmentmost often involves the acquisition of land for development into residential subdivisions, retail centers and other commercial uses. National Association of Realtors (NAR)the nationwide association is divided into state associations, and further divided into local associations or boards. The local associations or boards operate the MLS in markets throughout the US