Real Estate Marketing:
Commercial Real Estate (SAE),
Champions Commercial Real
Estate- SAE Questions with
Correct Answers | 100%
Guaranteed Pass| Updated|
Newest Version
1. Common Area Maintenance (CAM) - ANSWER ✓ Common areas benefit
every tenant in the building and can include (among other things)
bathrooms, corridors, lobbies, janitor closets, mechanical rooms, elevators,
stairwells etc. These are shared expenses, and each tenant in the building is
responsible for paying fees associated with the upkeep of the common areas.
The landlord is collecting rent for these common areas.
2. Gross lease - ANSWER ✓ a lease of property where the landlord pays
charges regularly incurred in ownership, such as taxes, insurance, utilities,
and repairs. The tenant pays only rent. The gross lease is perhaps the
simplest of all leases. This type of lease is riskier for the landlord because of
the possibility of rising costs during the lease term.
3. Net lease - ANSWER ✓ A net lease is one in which, in addition to rent, the
tenant pays expenses such as taxes, insurance and maintenance. A net lease
shifts the risk of cost increases from the landlord to the tenant. Net leases are
often characterized as net (N), double net (NN) and triple net (NNN).
4. triple net lease (NNN) - ANSWER ✓ is one in which the tenant is
responsible for rent and all fixed and variable expenses related to a property
(property taxes, property insurance, maintenance). In most cases, the
landlord is still responsible for structural repairs.
,5. Office park - ANSWER ✓ Office parks will typically offer a gross rental
agreement. Some will have a "stop- gap" payment which is one extra
payment per year that the landlord charges to offset his costs of running the
building.
6. Shopping centers - ANSWER ✓ Most often will be percentage rent based on
tenant sales. The landlord gets credit for you being there.
7. OlderClassCstripcenters - ANSWER ✓
Inthepast,mostretailleasesweregrossleases.Landlordsmoved to triple-net and
percentage rent because of the economy, namely inflation. There are some
older strip centers that still may offer gross leases to their tenants due to the
economic condi- tions of the area.
8. index lease - ANSWER ✓ assigns an adjustment number to the lease, often
tied to the Consumer Price Index (CPI), that allows for the rent to increase or
decrease, usually from year to year. The parties to the lease agreement
negotiate the amount and frequency of the adjustment. The CPI, also
referred to as the cost of living index, is a measurement used to compare the
average cost of certain goods that consumers buy, including real estate. I
9. Contract Rent - ANSWER ✓ The rental income stipulated by the parties in a
lease is known as
10.Statute of Frauds - ANSWER ✓ a lease for a period of more than one year
must be in writing to comply with the
11.procuring cause of sale - ANSWER ✓ is the individual who, through a series
of uninterrupted activities or actions, brought about the completion of a
contract. The rule is that the broker must perform within the time specified
in the contract.
12.exclusive agency - ANSWER ✓ this listing, the seller agrees to list the
property with only one broker during the listing term, with the provision that
the seller can sell the property independently, without paying a commission.
13.Listing Agreement - ANSWER ✓ The _____________ is an employment
contract between a seller or landlord and the broker.
, 14.Metes and bounds - ANSWER ✓ Most commercial properties will be
described using
15.The Real Estate Investors Association (REIA) - ANSWER ✓ is a national
non-profit trade association that holds investor conferences and events, and
could be a good place to network among investors.
16.DUST - ANSWER ✓ Demand, Utility, Scarcity, Transferaility
17.Buffer Zone - ANSWER ✓ an area of land separating one land use from
another
18.Variance - ANSWER ✓ permission to violate the rules
19.Police Power - ANSWER ✓ the right of the government to regulate and
control the way land is used
20.Downsizing - ANSWER ✓ Changing the zoning of a property to lower the
value use
21.Zoning - ANSWER ✓ the most common example of police power
22.Texas Property Code - ANSWER ✓ arranges Texas Statute Law into a
logical order, making it more accessible and understandable
23.Security Deposit - ANSWER ✓ is any advance of money, other than a rental
application deposit of an advance payment of rent that is intended primarily
to secure performance under a lease of commercial property
24.Variances - ANSWER ✓ are often requested prior to the construction to
avoid violation of the rules
25.Title 8 Landlord & Tenant - ANSWER ✓ The most important chapter of the
Texas Property Code for property managers and landlords
26.Noncormfing use of land - ANSWER ✓ a change in zoning can cause?
Commercial Real Estate (SAE),
Champions Commercial Real
Estate- SAE Questions with
Correct Answers | 100%
Guaranteed Pass| Updated|
Newest Version
1. Common Area Maintenance (CAM) - ANSWER ✓ Common areas benefit
every tenant in the building and can include (among other things)
bathrooms, corridors, lobbies, janitor closets, mechanical rooms, elevators,
stairwells etc. These are shared expenses, and each tenant in the building is
responsible for paying fees associated with the upkeep of the common areas.
The landlord is collecting rent for these common areas.
2. Gross lease - ANSWER ✓ a lease of property where the landlord pays
charges regularly incurred in ownership, such as taxes, insurance, utilities,
and repairs. The tenant pays only rent. The gross lease is perhaps the
simplest of all leases. This type of lease is riskier for the landlord because of
the possibility of rising costs during the lease term.
3. Net lease - ANSWER ✓ A net lease is one in which, in addition to rent, the
tenant pays expenses such as taxes, insurance and maintenance. A net lease
shifts the risk of cost increases from the landlord to the tenant. Net leases are
often characterized as net (N), double net (NN) and triple net (NNN).
4. triple net lease (NNN) - ANSWER ✓ is one in which the tenant is
responsible for rent and all fixed and variable expenses related to a property
(property taxes, property insurance, maintenance). In most cases, the
landlord is still responsible for structural repairs.
,5. Office park - ANSWER ✓ Office parks will typically offer a gross rental
agreement. Some will have a "stop- gap" payment which is one extra
payment per year that the landlord charges to offset his costs of running the
building.
6. Shopping centers - ANSWER ✓ Most often will be percentage rent based on
tenant sales. The landlord gets credit for you being there.
7. OlderClassCstripcenters - ANSWER ✓
Inthepast,mostretailleasesweregrossleases.Landlordsmoved to triple-net and
percentage rent because of the economy, namely inflation. There are some
older strip centers that still may offer gross leases to their tenants due to the
economic condi- tions of the area.
8. index lease - ANSWER ✓ assigns an adjustment number to the lease, often
tied to the Consumer Price Index (CPI), that allows for the rent to increase or
decrease, usually from year to year. The parties to the lease agreement
negotiate the amount and frequency of the adjustment. The CPI, also
referred to as the cost of living index, is a measurement used to compare the
average cost of certain goods that consumers buy, including real estate. I
9. Contract Rent - ANSWER ✓ The rental income stipulated by the parties in a
lease is known as
10.Statute of Frauds - ANSWER ✓ a lease for a period of more than one year
must be in writing to comply with the
11.procuring cause of sale - ANSWER ✓ is the individual who, through a series
of uninterrupted activities or actions, brought about the completion of a
contract. The rule is that the broker must perform within the time specified
in the contract.
12.exclusive agency - ANSWER ✓ this listing, the seller agrees to list the
property with only one broker during the listing term, with the provision that
the seller can sell the property independently, without paying a commission.
13.Listing Agreement - ANSWER ✓ The _____________ is an employment
contract between a seller or landlord and the broker.
, 14.Metes and bounds - ANSWER ✓ Most commercial properties will be
described using
15.The Real Estate Investors Association (REIA) - ANSWER ✓ is a national
non-profit trade association that holds investor conferences and events, and
could be a good place to network among investors.
16.DUST - ANSWER ✓ Demand, Utility, Scarcity, Transferaility
17.Buffer Zone - ANSWER ✓ an area of land separating one land use from
another
18.Variance - ANSWER ✓ permission to violate the rules
19.Police Power - ANSWER ✓ the right of the government to regulate and
control the way land is used
20.Downsizing - ANSWER ✓ Changing the zoning of a property to lower the
value use
21.Zoning - ANSWER ✓ the most common example of police power
22.Texas Property Code - ANSWER ✓ arranges Texas Statute Law into a
logical order, making it more accessible and understandable
23.Security Deposit - ANSWER ✓ is any advance of money, other than a rental
application deposit of an advance payment of rent that is intended primarily
to secure performance under a lease of commercial property
24.Variances - ANSWER ✓ are often requested prior to the construction to
avoid violation of the rules
25.Title 8 Landlord & Tenant - ANSWER ✓ The most important chapter of the
Texas Property Code for property managers and landlords
26.Noncormfing use of land - ANSWER ✓ a change in zoning can cause?
