Real Estate Marketing: Commercial Real
Estate (SAE), Champions Commercial
Real Estate- SAE
General Lien (also Statatory) - ANSattaches to all the assets of the debtor, no longer exempt
from forced sale (Example: a judgment or IRS lien)
Diplomacy - ANSthe capability to address customers and conditions in a sensitive and effective
way - is vital in industrial real estate, and a lack of it is able to divulge you without delay as a
amateur.
DTPA - ANSThe Deceptive Trade Practices Act (DTPA) is a Texas law that become handed in
1973. It permits an aggrieved consumer to sue a seller of goods for damages. The act with the
aid of the vendor of the products has to be deceptive or unfair for the client to successfully sue
for monetary damages.
CCIM - ANSThe CCIM Institute was hooked up in 1954 to offer commercial actual estate
practitioners an possibility to further their enterprise practices through training and networking
possibilities. The institute administers the Certified Commercial Investment Member (CCIM)
designation. "Gold Standard"
ICSC - ANSInternational Council of Shopping Centers - The purpose of The International
Council of Shopping Centers (ICSC) is to enhance the buying center enterprise and to promote
its position within the business distribution of patron goods and offerings.
Complete database - ANSThis may be one of the finest assets of your business. Pick a
geographical location to farm, and assemble a database of residences and assets owners.
Canons of Professional Ethics and Conduct - ANSFIDELITY
INTEGRITY
COMPETENCY
CONSUMER INFORMATION
DISCRIMINATORY PRACTICES
caveat emptor - ANSare Latin phrases that the general public have heard at some point - "allow
the purchaser pay attention." All actual property transactions in Texas are executed "as is."
IREM - ANSInstitute of Real Estate Management
, is an worldwide community of actual property managers devoted to moral commercial
enterprise practices, maximizing the value of funding actual property, and promoting advanced
management through training and facts sharing. IREM club includes greater than 18,000
individuals and 550 company members.
BOMA - ANSBuilding Owners and Managers Association is a federation of 93 BOMA U.S.
Associations, BOMA Canada, and thirteen BOMA international affiliates. BOMA International's
contributors are constructing proprietors, managers, developers, leasing specialists, corporate
facility managers, asset managers, and the vendors of the products and services needed to
function commercial homes.
Intermediary brokerage - ANSAll commercial agents exercise intermediary because it's miles of
their great interests to accomplish that. As the intermediary, the dealer can promote one in all
his own listings to a purchaser. This is the cause that many residences are never listed available
on the market as "on the market." It is greater useful to hold the commission in-house, so others
aren't vying for part of the commission.
Fair housing - ANSlaws exist on the federal, kingdom and nearby stages to make sure that all
citizens have unob- structed get admission to to housing. Residential agents need to always
adhere to all truthful housing laws and can't discriminate or refuse to promote or rent property
primarily based upon a buyer's race, color, countrywide starting place, religion, sex, familial
popularity or handicap.
SIOR - ANSSociety of Industrial and Office Realtors is a professional employer began in 1939,
with over 3,000 contributors worldwide that gives the SIOR Designation, a image of expertise,
production, and ethics inside the real estate industry.
NARPM - ANSMost single-own family homes used as leases are controlled through the
proprietor/ landlord. However, a developing portfolio of homes, homes scattered over a huge
place, and different factors can also make expert control suited. The National Association of
Residen- tial Property Managers is an company of managers of single-own family and small
multifamily houses. For more data, visit http://www.Narpm.Org.
Commercial real estate is frequently defined as any real property that is _____________. -
ANSNot residential in nature
Which of the following is a superb motive for becoming a member of a big-name worldwide
commercial actual property firm? - ANSGood mentorship application
Which declaration regarding commercial real property is FALSE? - ANSPocket listings are rare
and can be considered as unethical
supply and call for - ANSare possibly the primary determinants of real property values. When
the call for for real estate is excessive and the supply low, charges in the market pass up.
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