CH 5 Princp. RE 2 QUESTIONS WITH
ANSWERS.
Apartment Locator ANS -A real estate agent who may or may not be a member of a local board of
realtors, but whose primary business is helping tenants to find property for lease. They are typically paid
a commission by the landlord, management company, or broker who is leasing the property. Often the
commission amount is determined as a percentage of a full month's rent. However, some commissions
are paid as a flat amount regardless of the amount of the rent.
Certified Property Managers® (CPM®) Who is it for? ANS -Recognized as experts in real estate
management, and they are at the top of the profession. Seventy percent of those who hold the CPM®
designation hold the highest management positions in their offices (owner/partner/officer/director).
CPM®—Certified Property Manager, Presented by Institute of Real Estate Management (IREM).
Designation demonstrates expertise to owners and investors.
What does it mean to be an RSPS? ANS -RSPS is recognized as an official NAR Certification, and allows
buyers and sellers to have confidence in the ability of a REALTOR® who specializes in buying, selling, or
management of properties for investment, development, retirement, or second homes in a resort,
recreational and/or vacation destination, to assist them with their search.
FARM/RANCH AFM ANS -Knowledge of wildlife or agricultural tax exemption, fencing, improvements,
well or septic on the property, subsurface and land rights, topography, any leases on the property,
negotiating the list price, title issues that you need to resolve. Are there any special incentives that you
would like to offer to a buyer? Knowledge of different methods of seller financing, how to read a survey,
any easements affecting your property and if so, any existing issues? Water; are there ponds, lakes,
rivers or streams, will topography be a factor? Generally gaining expertise in farm and ranch is done by
finding a mentor who has expertise in this area and working with them to develop your own expertise.
Accredited Farm Manager (AFM) Program Overview ANS -Farm Managers offer professional
management services to farmland owners to help them optimize the returns from their asset. Using
their expertise in working with people, crop and livestock production, commodity marketing, soil
conservation, financial analysis and accounting, and real estate brokerage, farm managers help their
clients maintain and improve the value of their asset and generate cash returns that meet their client's
objectives.
ANSWERS.
Apartment Locator ANS -A real estate agent who may or may not be a member of a local board of
realtors, but whose primary business is helping tenants to find property for lease. They are typically paid
a commission by the landlord, management company, or broker who is leasing the property. Often the
commission amount is determined as a percentage of a full month's rent. However, some commissions
are paid as a flat amount regardless of the amount of the rent.
Certified Property Managers® (CPM®) Who is it for? ANS -Recognized as experts in real estate
management, and they are at the top of the profession. Seventy percent of those who hold the CPM®
designation hold the highest management positions in their offices (owner/partner/officer/director).
CPM®—Certified Property Manager, Presented by Institute of Real Estate Management (IREM).
Designation demonstrates expertise to owners and investors.
What does it mean to be an RSPS? ANS -RSPS is recognized as an official NAR Certification, and allows
buyers and sellers to have confidence in the ability of a REALTOR® who specializes in buying, selling, or
management of properties for investment, development, retirement, or second homes in a resort,
recreational and/or vacation destination, to assist them with their search.
FARM/RANCH AFM ANS -Knowledge of wildlife or agricultural tax exemption, fencing, improvements,
well or septic on the property, subsurface and land rights, topography, any leases on the property,
negotiating the list price, title issues that you need to resolve. Are there any special incentives that you
would like to offer to a buyer? Knowledge of different methods of seller financing, how to read a survey,
any easements affecting your property and if so, any existing issues? Water; are there ponds, lakes,
rivers or streams, will topography be a factor? Generally gaining expertise in farm and ranch is done by
finding a mentor who has expertise in this area and working with them to develop your own expertise.
Accredited Farm Manager (AFM) Program Overview ANS -Farm Managers offer professional
management services to farmland owners to help them optimize the returns from their asset. Using
their expertise in working with people, crop and livestock production, commodity marketing, soil
conservation, financial analysis and accounting, and real estate brokerage, farm managers help their
clients maintain and improve the value of their asset and generate cash returns that meet their client's
objectives.
