Principles of real estate 2- CH 4
questions with answers.
A broker is not required to advise a sponsored sales agent of the scope of the sales agent's authorized
activities under the License Act. ANS -False
REO stands for real estate owned ANS -True
Auctioneers who call at an auction that includes real estate auction must have a real estate license ANS
-False
Property managers are only found in commercial real estate ANS -False
A short sale is one in which a property is sold by an owner/borrower at a price that is sufficient to pay
off the existing mortgage. ANS -False
Sellers ANS -Representing sellers who list their homes with a brokerage firm. Consider obtaining a
designation such as Certified Home Marketing Specialist (CHMS)
Buyers ANS -Representing buyers who wish to purchase a home. The Accredited Buyer's
Representative (ABR) course puts the agent on the path to earning the ABR designation.
The National Association Of REALTORS Certified Commercial Investment Member (CCIM) ANS -is a
challenging program for commercial real estate professionals that is regarded as the "gold standard" for
commercial designations.
The primary determinant of the future value of a parcel of land is ANS -the availability of jobs in the
surrounding area and the development of the utility and transportation infrastructure.
questions with answers.
A broker is not required to advise a sponsored sales agent of the scope of the sales agent's authorized
activities under the License Act. ANS -False
REO stands for real estate owned ANS -True
Auctioneers who call at an auction that includes real estate auction must have a real estate license ANS
-False
Property managers are only found in commercial real estate ANS -False
A short sale is one in which a property is sold by an owner/borrower at a price that is sufficient to pay
off the existing mortgage. ANS -False
Sellers ANS -Representing sellers who list their homes with a brokerage firm. Consider obtaining a
designation such as Certified Home Marketing Specialist (CHMS)
Buyers ANS -Representing buyers who wish to purchase a home. The Accredited Buyer's
Representative (ABR) course puts the agent on the path to earning the ABR designation.
The National Association Of REALTORS Certified Commercial Investment Member (CCIM) ANS -is a
challenging program for commercial real estate professionals that is regarded as the "gold standard" for
commercial designations.
The primary determinant of the future value of a parcel of land is ANS -the availability of jobs in the
surrounding area and the development of the utility and transportation infrastructure.
