ACEABLE AGENT LEVEL 1 TEST
QUESTIONS AND COMPLETE
SOLUTIONS GRADED A+
Your Exam Plug
, Five Catagories of Real Estate Properties - Answer: (1) Residential, (2) Commercial, (3) Industrial, (4)
Farm & Land/ Agriculture (5) Special Purpose
Apartment Locator - Answer: A real estate license holder who locates dwelling units for prospective
tenants
Tenant - Answer: one who possesses (rents) real property for a period of time, usually under a lease. The
property or estate is normally owned by the landlord.
Broker - Answer: Someone who assists in buying and selling to recieve a commission.
Client - Answer: The person that an agent is representing, made official through a representation
document.
Sales Agent Apprentice Education (SAE) - Answer: an educational requirement for courses in the first
two years of being licensed as a real estate agent.
Consumer - Answer: A person or company that buys or leases any product or service.
Education Standards Advisory Committee (ESAC) - Answer: To review and revise curriculum standards,
course content and instructor certification requirements for both qualifying and continuing education
courses.
Committee Members - Answer: 12 members appointed by the commission.
*Seven members who are license holders.
*Four education members who are real estate instructors or owners of real estate schools.
*One member who represents the public.
*Serve staggered two- year terms.
Real Estate Industry Services - Answer: Brokerage, Appraisal, Property Managment, Development,
Counceling, Financial and Education.
QUESTIONS AND COMPLETE
SOLUTIONS GRADED A+
Your Exam Plug
, Five Catagories of Real Estate Properties - Answer: (1) Residential, (2) Commercial, (3) Industrial, (4)
Farm & Land/ Agriculture (5) Special Purpose
Apartment Locator - Answer: A real estate license holder who locates dwelling units for prospective
tenants
Tenant - Answer: one who possesses (rents) real property for a period of time, usually under a lease. The
property or estate is normally owned by the landlord.
Broker - Answer: Someone who assists in buying and selling to recieve a commission.
Client - Answer: The person that an agent is representing, made official through a representation
document.
Sales Agent Apprentice Education (SAE) - Answer: an educational requirement for courses in the first
two years of being licensed as a real estate agent.
Consumer - Answer: A person or company that buys or leases any product or service.
Education Standards Advisory Committee (ESAC) - Answer: To review and revise curriculum standards,
course content and instructor certification requirements for both qualifying and continuing education
courses.
Committee Members - Answer: 12 members appointed by the commission.
*Seven members who are license holders.
*Four education members who are real estate instructors or owners of real estate schools.
*One member who represents the public.
*Serve staggered two- year terms.
Real Estate Industry Services - Answer: Brokerage, Appraisal, Property Managment, Development,
Counceling, Financial and Education.
