Champion School of Real Estate Exam Questions & Answers 100% Accurate

Brokerage -ANSWER-The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following -ANSWER-Day to Day operations, Maintenance and Tenant Relations RMLO -ANSWER-Mortgage Brokers are known as NAR -ANSWER-The largest trade organization representing real estate professionals is Value -ANSWER-A fair return or equivalent in goods, services, or money for something exchanged BOMA -ANSWER-Building Owners & Managers Association (oldest organization) Benefits of home ownership -ANSWER-Occupancy, Tax Benefits, Pride, Security, Investment Federal Housing Administration -ANSWER-In 1934 the US Government's first major direct involvement in the residential finance market Physical Characteristic of Land: Indestructibility or Durability -ANSWER-Land cannot be destroyed Physical Characteristic of Land: Immobility -ANSWER-Land cannot be moved Physical Characteristic of Land: Nonhomogeneity -ANSWER-No two parcels of land are the same