Aceable Agent: Level 1 Exam Questions and Answers 100% Solved
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Course
Aceable Agent: Level 1
Institution
Aceable Agent: Level 1
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 represe...
Aceable Agent: Level 1 Exam Questions and Answers 100% Solved
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.
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.
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