Real Estate Course Exam
1. BrokerANS
- runs their own firm/manages its activities
- have to have at least 3 years of experience
- supervise licensees that work for their firm/liable for their actions
2. SalespersonANS
provides brokerage services as long as his actions are supervised
3. AppraiserANS
- has to be board certified
- estimates a properties value based on established guidelines
4. Home InspectorANS
- reports conditions of properties
- cannot offer to make repairs on houses
5. Real Estate counselorANS
assists clients in making informed real estate decisions based on thoughtful analysis & critical inquiry
6. Real estate attorneyANS
provides an extra layer of protection from litigation from the firm
7. Real estate educatorsANS
provides training for licensees who need to meet their license renewal requirements
8. Property managerANS
manages an apartment complex
9. The activities of real estate professionals are defined by what..ANS
federal, state, and local law/statutes
10. Industrial propertiesANS
involve specific physical requirements and complex op- erational requirements
11. Industrial property examplesANS
ANS
- heavy manufacturing
- light manufacturing
- warehouse/distribution
12. Medical property examplesANS
ANS
- hospitals
- urgent care centers
- doctor's offices
13. Residential property examplesANS
ANS
- single-family
- multi-family
- apartment buildings
- condos
14. Office Buildings examplesANS
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10
,Real Estate Course Exam
ANS
- Class AANS
prestigious
- Class BANS
Fair to good
- Class CANS
functional, below average rent
15. Retail properties examplesANS
ANS
- neighborhood shopping centers
- regional shopping malls
16. Mixed use properties examplesANS
ANS
- combined retail/residential
- planned unit(high density, zoning mix)
- transit-oriented
17. Types of leisure propertiesANS
ANS
- golf course
- hotel
2/
10
1. BrokerANS
- runs their own firm/manages its activities
- have to have at least 3 years of experience
- supervise licensees that work for their firm/liable for their actions
2. SalespersonANS
provides brokerage services as long as his actions are supervised
3. AppraiserANS
- has to be board certified
- estimates a properties value based on established guidelines
4. Home InspectorANS
- reports conditions of properties
- cannot offer to make repairs on houses
5. Real Estate counselorANS
assists clients in making informed real estate decisions based on thoughtful analysis & critical inquiry
6. Real estate attorneyANS
provides an extra layer of protection from litigation from the firm
7. Real estate educatorsANS
provides training for licensees who need to meet their license renewal requirements
8. Property managerANS
manages an apartment complex
9. The activities of real estate professionals are defined by what..ANS
federal, state, and local law/statutes
10. Industrial propertiesANS
involve specific physical requirements and complex op- erational requirements
11. Industrial property examplesANS
ANS
- heavy manufacturing
- light manufacturing
- warehouse/distribution
12. Medical property examplesANS
ANS
- hospitals
- urgent care centers
- doctor's offices
13. Residential property examplesANS
ANS
- single-family
- multi-family
- apartment buildings
- condos
14. Office Buildings examplesANS
1/
10
,Real Estate Course Exam
ANS
- Class AANS
prestigious
- Class BANS
Fair to good
- Class CANS
functional, below average rent
15. Retail properties examplesANS
ANS
- neighborhood shopping centers
- regional shopping malls
16. Mixed use properties examplesANS
ANS
- combined retail/residential
- planned unit(high density, zoning mix)
- transit-oriented
17. Types of leisure propertiesANS
ANS
- golf course
- hotel
2/
10
