Aceable Agent: Level 1 Exam Questions with Correct Answers
10 views 0 purchase
Course
Aceable Agent: Real Estate Principles
Institution
Aceable Agent: Real Estate Principles
Aceable Agent: Level 1 Exam Questions with
Correct Answers
Five Catagories of Real Estate Properties - answer(1) Residential, (2) Commercial, (3)
Industrial, (4) Farm & Land/ Agriculture (5) Special Purpose
Apartment Locator - answerA real estate license holder who locates dwelling units for
p...
Aceable Agent: Level 1 Exam Questions with Correc t Answers 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 ag ent. 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 qua lifying 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. Residential Real Estate - answer✔✔Single Family Dwelling, Duplex, Triplex, and Fourplex. Co-ops. Commercial Real Estate - answer✔✔Primarily made up of (Income Produced) property that is used for business. Gas Stations, Office Buildings, Parks and Convenience Stores. Industrial Real Estate - answer✔✔Manufacturing, Stora ge, Distribution Centers, Research, Warehouse and Data Centers. Farm & Land (Agriculture) - answer✔✔Rural Properties. Ranches, Farms and acreage. Land - answer✔✔The surface of the earth. Extending down to the center of the earth and up into space. Real Es tate - answer✔✔Includes the land and any natural or human - made improvments attached to it. Real Property - answer✔✔Includes land and any natural or human - made improvments attached to it, plus the budle of legal rights of ownership. Goes with the propert y; Immovable. Immobility - answer✔✔Characteristic of land stating that land has a particular geographical location that will remain constant, barring erosion or slow, geographical changes. Fixity - answer✔✔The permanence of land. Situs - answer✔✔The desira bility of a particular location. Personal Property - answer✔✔Items that can easily be removed from the land. Goes with the person; Generally Movable. Difference between Physical and Economic Characteristics (Land and Real Estate). - answer✔✔*Physical characteristics occur naturally. *Economic characteristics are human - made.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Brainbarter. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
