PORE 2 Module 4 questions with
answers.
listing agent ANS -Representing sellers who list their homes with a brokerage firm
selling agent ANS -Representing buyers who wish to purchase a home, commonly referred to as buyers'
agents
farm and ranch brokerage ANS -Specialize in "working" farms and ranches
commercial real estate ANS -Any real estate that is not residential, including Office, Retail, Multifamily,
Industrial, Institutional, Investment, Resort and recreationa
land brokerage ANS -The sale of unimproved property
investment real estate ANS -Any property that may be used to make an income for the owner
leasing ANS -A specialization within the real estate brokerage business in which leasing agents may
represent residential or commercial landlords and tenants
real estate owned ANS -A lending institution becomes the owner of a property through a foreclosure,
the property becomes an asset of the company
foreclosure specialist ANS -A real estate license holder who performs activities including REO and Short
Sales or who represents investors who attempt to purchase distressed properties that are in danger of
being foreclosed or represent buyers who purchase REO properties from lending institutions
short sale ANS -A property with the consent of the lender, is sold by an owner/borrower at a price that
is not sufficient to pay off the existing mortgage
answers.
listing agent ANS -Representing sellers who list their homes with a brokerage firm
selling agent ANS -Representing buyers who wish to purchase a home, commonly referred to as buyers'
agents
farm and ranch brokerage ANS -Specialize in "working" farms and ranches
commercial real estate ANS -Any real estate that is not residential, including Office, Retail, Multifamily,
Industrial, Institutional, Investment, Resort and recreationa
land brokerage ANS -The sale of unimproved property
investment real estate ANS -Any property that may be used to make an income for the owner
leasing ANS -A specialization within the real estate brokerage business in which leasing agents may
represent residential or commercial landlords and tenants
real estate owned ANS -A lending institution becomes the owner of a property through a foreclosure,
the property becomes an asset of the company
foreclosure specialist ANS -A real estate license holder who performs activities including REO and Short
Sales or who represents investors who attempt to purchase distressed properties that are in danger of
being foreclosed or represent buyers who purchase REO properties from lending institutions
short sale ANS -A property with the consent of the lender, is sold by an owner/borrower at a price that
is not sufficient to pay off the existing mortgage
