Unit 1 Test questions with answers.
A code of conduct for relations within the industry among its professionals. ANS -Standards for integrity
as well as a code of conduct
The Counselors of Real Estate (CRE), Commercial Investment Real Estate Institute (CIREI), and Institute
of Real Estate Management (IREM) are affiliated institutes of ANS -National Association of REALTORS®
(NAR).
Schools would be considered part of which real estate classification? ANS -special-purpose
A building that is remodeled into residential units and no longer used for its original purpose is an
example of ANS -a converted-use property.
A REALTOR® is BEST described as an individual who is ANS -a real estate licensee and a member of the
National Association of REALTORS® (NAR).
Members of professional associations are expected to comply with the ANS -code of ethics as set forth
by each organization.
All of the following affect how quickly the forces of supply and demand work EXCEPT ANS -degree of
standardization of the property's price.
The property manager's basic responsibility is to ANS -protect the owner's investment and maximize
return.
A real estate professional who helps clients choose among the various alternatives involved in
purchasing, using, or investing in property is a ANS -real estate counselor.
All of the following are categories of the uses of real property EXCEPT ANS -developmental.
A code of conduct for relations within the industry among its professionals. ANS -Standards for integrity
as well as a code of conduct
The Counselors of Real Estate (CRE), Commercial Investment Real Estate Institute (CIREI), and Institute
of Real Estate Management (IREM) are affiliated institutes of ANS -National Association of REALTORS®
(NAR).
Schools would be considered part of which real estate classification? ANS -special-purpose
A building that is remodeled into residential units and no longer used for its original purpose is an
example of ANS -a converted-use property.
A REALTOR® is BEST described as an individual who is ANS -a real estate licensee and a member of the
National Association of REALTORS® (NAR).
Members of professional associations are expected to comply with the ANS -code of ethics as set forth
by each organization.
All of the following affect how quickly the forces of supply and demand work EXCEPT ANS -degree of
standardization of the property's price.
The property manager's basic responsibility is to ANS -protect the owner's investment and maximize
return.
A real estate professional who helps clients choose among the various alternatives involved in
purchasing, using, or investing in property is a ANS -real estate counselor.
All of the following are categories of the uses of real property EXCEPT ANS -developmental.
