Real Estate Exam Questions With Answers
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Owners /
that
/ /
buy
/ /
income
/ /
properties
/ /
as
/ /
investments
/ /
and
/ /
depend
/ /
on
/ /
professionals
/ /
to
/ /
manage
/ /
them - CORRECT ANSWERS(S)✔✔Absentee Owners
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a /
Value
/ /
estimated
/ /
based
/ /
,on
/ /
resent
/ /
sales
/ /
of
/ /
similar
/ /
properties
/ /
in
/ /
the
/ /
same
/ /
neighborhood,
/ /
not an appraisal - CORRECT ANSWERS(S)✔✔CMA -
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Comparative Market Analysis... // //
A /
contractor
/ /
is
/ /
employed
/ /
by
/ /
an
/ /
owner
/ /
of
/ /
land
/ /
to
/ /
build
/ /
,/ on /
/ that /
/ land /
/ to /
/ the /
/ owner's /
/ specifications - // /
/ CORRECT ANSWERS(S)✔✔Custom Building // //
When //
a /
contractor
/ /
builds
/ /
on
/ /
his
/ /
own
/ /
land
/ /
with
/ /
the
/ /
hope
/ /
of
/ /
locating
/ //
a /
purchaser
/ /
, / after /
/ construction /
/ has /
/ been /
/ completed - // /
/ CORRECT ANSWERS(S)✔✔Speculative building // //
A /
developer
/ /
that
/ /
acquires
/ //
a /
large
/ /
that
/ /
aquires
/ //
a /
large
/ /
tract
/ /
of
/ /
land
/ /
and
/ /
builds
/ //
a /
model
/ /