LATEST 2026 UPDATED QUESTIONS AND VERIFIED 100% SOLUTIONS
(2026/2027) |A+ GRADED |GUARANTEED PASS
General Lien (also Statatory) - Answers -attaches to all the property of the debtor, not exempt
from forced sale (Example: a judgment or IRS lien)
Diplomacy - Answers -the ability to handle clients and situations in a sensitive and effective way
- is critical in commercial real estate, and a lack of it can expose you immediately as a beginner.
DTPA - Answers -The Deceptive Trade Practices Act (DTPA) is a Texas law that was passed in
1973. It allows an aggrieved consumer to sue a seller of goods for damages. The act by the
seller of the goods has to be deceptive or unfair for the consumer to successfully sue for
monetary damages.
CCIM - Answers -The CCIM Institute was established in 1954 to give commercial real estate
practitioners an opportunity to further their business practices through education and
networking opportunities. The institute administers the Certified Commercial Investment
Member (CCIM) designation. "Gold Standard"
ICSC - Answers -International Council of Shopping Centers - The purpose of The International
Council of Shopping Centers (ICSC) is to advance the shopping center industry and to promote
its role in the commercial distribution of consumer goods and services.
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, comprehensive database - Answers -This will be one of the greatest assets of your business. Pick
a geographical region to farm, and assemble a database of properties and property owners.
Canons of Professional Ethics and Conduct - Answers -FIDELITY
INTEGRITY
COMPETENCY
CONSUMER INFORMATION
DISCRIMINATORY PRACTICES
caveat emptor - Answers -are two Latin words that most people have heard at some point - "let
the buyer beware." All real estate transactions in Texas are done "as is."
IREM - Answers -Institute of Real Estate Management
is an international community of real estate managers dedicated to ethical business practices,
maximizing the value of investment real estate, and promoting superior management through
education and information sharing. IREM membership includes more than 18,000 individuals
and 550 corporate members.
BOMA - Answers -Building Owners and Managers Association is a federation of 93 BOMA U.S.
associations, BOMA Canada, and 13 BOMA international affiliates. BOMA International's
members are building owners, managers, developers, leasing professionals, corporate facility
managers, asset managers, and the providers of the products and services needed to operate
commercial properties.
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