Aceable Real Estate Questions + Answers Graded A+

Apartment Locator - A real estate license holder who locates dwelling units for prospective tenants. In Texas an apartment locator has to have a real estate license. Article 11 - Be competent in the services you perform and don't attempt to provide services outside of your shop of practice UNLESS you have assistance from someone competent and fully disclose with the client. Broker - A person or business entity who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration. Chapter 1101 - governs the practices of real estate salespersons and brokers while Chapter 1102 governs the practice of the real estate inspectors. Client - The person whom an agent is representing, made official through a representation document. Commercial Real Estate - Primarily made up of property that is used for business. Income producing property EX: gas station, convenience stores, apartment building, etc. Committee Members (12) - 7: License holders that have been in practice for at least five years. 4: Real Estate instructors/owners of real estate schools. (education members) 1: Represents the public. Easement - an easement is the right to use or cross someone else's land for a specific purpose. Economic Characteristics - Are human-made