Aceable Agent Principles of Real Estate 1.pdf file:///C:/Users/HP/Desktop/NIW/Aceable%20Agent%20Principles%
Aceable Agent Principles Of Real Estate
1. Apartment Locators
ANS a real estate license holder who locates dwelling units forprospective tenants
2. Tenant
ANS one who possesses a property under a lease without ownership
3. Broker
ANS someone who assists in buying and selling to receive a commission
4. Client
ANS a person or company that buys or leases any product or service
5. Land
ANS the surface of the earth, extending down to the center of the earth and upinto space
6. Real Estate
ANS includes the land and any natural or manmade improvements at-tached to it
7. Real Property
ANS includes land and any natural or manmade improvements at-tached to it, plus the
bundle of legal rights of ownership
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,Aceable Agent Principles of Real Estate 1.pdf file:///C:/Users/HP/Desktop/NIW/Aceable%20Agent%20Principles%
8. Personal Property
ANS items that can easily be removed from the land
9. Immobility
ANS characteristic of land stating that land has a particular geographicallocation that will
remain constant, barring erosion or slow, geological changes
10. Real Estate Broker
ANS a person or corporation who markets to find buyers andsellers to put together in
exchange for a commission
11. Broker's Price Opinion (BPO)
ANS a broker's price opinion is the process used bya hired sales agent to determine the potential
selling price or estimated value of a real estate property
12. Closing
ANS the completion of a real estate transaction in which the buyer receivesownership and the
seller receives the contract amount
13. Comparative Market Analysis (CMA)
ANS a report comparing the prices of soldhomes that are similar to the subject property
(called comparables); created by alicense holder to help the seller or buyer determine the
market price
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