, Accounting 1 of 7 pages
Circle the letter of the Answer that corresponds to the displayed Question.
1. What are the 2 principle types of real estate professionals who fall under the category of
A: No, so they must create an are of geographical specialization, defined by natural and man
B: property managers and asset managers
C: individuals and business organizations whose sole enterprise is performing a real
D: is the largest single industry in the American Economy
2. What is a real estate professional?
A: sales, leases, subleases, exchanges, and options.
B: property that is held by its owners for investment purposes.
C: oversee groups of properties or portfolios. Their role is to achieve the investment objectives of
D: individuals and business organizations whose sole enterprise is performing a real
3. according to "use" what are the 8 commonly accepted classifications of real properties?
A: residential, residential income, office, retail, industrial, farm and ranch, special purpose, land
B: individuals and business organizations whose sole enterprise is performing a real
C: Training programs Professional designations Communication channels Enhance one’s
D: promote interests of practitioners and enhance their professional standing
4. what laws are most relevant to agents and brokers?
A: bought, sold, assigned, leased, exchanged, inherited,
B: market analyst, architects, engineers, space planners, interior designers, and construction
C: agency, contracts, disclosure, environmental impact, fair housing.
D: the developer, the land owner, the mortgage lender
5. What is the process for a newly licensed real estate agent?
A: 1. get hired by a broker 2. work with them as an assistant 3. help them locate a seller/ buyer
B: buyers, tenants, sellers, and landlords.
C: True Example: National Association of Realtors Code of Ethics
D: property managers and asset managers
6. what are types of relationships?
A: buyers, tenants, sellers, and landlords.
B: providing advisory services to clients as well as traditional commission services.
C: residential, commercial, investment properties
D: real estate attorneys, title companies, surveyors, property insurance companies, government
GoldenChapter – Stuvia 2024/2025 Edition
Circle the letter of the Answer that corresponds to the displayed Question.
1. What are the 2 principle types of real estate professionals who fall under the category of
A: No, so they must create an are of geographical specialization, defined by natural and man
B: property managers and asset managers
C: individuals and business organizations whose sole enterprise is performing a real
D: is the largest single industry in the American Economy
2. What is a real estate professional?
A: sales, leases, subleases, exchanges, and options.
B: property that is held by its owners for investment purposes.
C: oversee groups of properties or portfolios. Their role is to achieve the investment objectives of
D: individuals and business organizations whose sole enterprise is performing a real
3. according to "use" what are the 8 commonly accepted classifications of real properties?
A: residential, residential income, office, retail, industrial, farm and ranch, special purpose, land
B: individuals and business organizations whose sole enterprise is performing a real
C: Training programs Professional designations Communication channels Enhance one’s
D: promote interests of practitioners and enhance their professional standing
4. what laws are most relevant to agents and brokers?
A: bought, sold, assigned, leased, exchanged, inherited,
B: market analyst, architects, engineers, space planners, interior designers, and construction
C: agency, contracts, disclosure, environmental impact, fair housing.
D: the developer, the land owner, the mortgage lender
5. What is the process for a newly licensed real estate agent?
A: 1. get hired by a broker 2. work with them as an assistant 3. help them locate a seller/ buyer
B: buyers, tenants, sellers, and landlords.
C: True Example: National Association of Realtors Code of Ethics
D: property managers and asset managers
6. what are types of relationships?
A: buyers, tenants, sellers, and landlords.
B: providing advisory services to clients as well as traditional commission services.
C: residential, commercial, investment properties
D: real estate attorneys, title companies, surveyors, property insurance companies, government
GoldenChapter – Stuvia 2024/2025 Edition
