Champions School Of Real Estate

CHAMPIONS SCHOOL OF REAL ESTATE | PRINCIPLES OF REAL ESTATE I QUESTIONS WITH CORRECT VERIFIED ANSWERS | (A+ CERTIFIED) 3 Physical Characteristics of Land Answer Indestructibility or durability Immobility Non homogeneity Mortgage Lending Answer business of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt RMLO Answer Residential Mortgage Lenders Originator Property Management Answer Management of residential and commercial properties on behalf of owner/investor Apartment Locators Answer Locates rentals of tenants in multi-family complexes. Has knowledge of amenities of all complexes in the market area. Paid a fee by apartment complex for referals Home Inspectors Answer Inspects properties for habitability including HVAC, Plumbing, electrical and construction methods Real Estate Development Answer Involves the acquisition of land for development into residential subdivisions, retail center and commercial uses Oil and Gas Landman Answer Negotiates oil and gas leases with mineral owners. Title work to determine mineral ownership TREC Answer Texas Real Estate Commision Education Standards Advisory Cmte Answer 12 members-7 brokers, 4 education board members, 1 public member. Reviews and revises curriculum standards, course requirements. NAR-National Association of Realtors Answer Largest professional organization for RE profs. Divided into State and Local boards. Operates the MLS IREM-Institute of RE Mgmt Answer Intl cmte of RE managers. CCIM-Certified Commercial Investment Memeber Answer Est 1954. Furthers business practices through education and networking SIOR-Society of Industrial and office realtors Answer Professional affiliate of the NAR. Specializes in industrial, office, sales managers, executive manager or advisory service ICSC-International Council of Shopping Centers Answer Purpose is to advance the shopping center industry. Promotes commercial distribution of consumer goods and service BOMA-Building Owners and Managers Assoc Answer Member are building owners, managers, developers, leasing professionals, corporate facility managers, asset managers, and providers of products and services to operate commercial