Exam (elaborations)
LEASING AGENT QUESTIONS AND ANSWERS
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LEASING AGENT QUESTIONS AND ANSWERS
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Name: Score:116 Multiple choice questions
Term 1 of 116
Trade Fixture
Article installed by tenant under lease and removable by tenant before lease expires
Co-ownership in which each owner holds an undivided fractional interest in real
property like sole owner
the process of finding small but profitable market segments and designing or finding
products for them
Rights to use space above earth may be sold or leased independently
Term 2 of 116
Development
The federal housing administration (FHA) and department of veterans affairs (va) impact
by
_____ ___________ includes surface, subsurface, airspace, Amy improvements, and bundle of
legal rights.
Improvements to land (onsite ex:roads,new buildings or offsite:water lines, or storm
sewers.
Cultivated crops such as wheat, corn, vegetables, and fruit are called
Term 3 of 116
Relationship broker, managing broker or leasing agent may have with buyers, sellers, landlords
and tenants.
Designated Agent
Fiduciary
Principal
Agency
,Term 4 of 116
Merge diverse land uses as housing, recreation facilities, and commercial concerns in one self
contained development.
Highrise developments
Cooperative
Planed unit development (PUDs)
Retirement communities
Term 5 of 116
Exaggeration of property's beneiefits is called
Dual Agency
Steering
Fiduciary
Puffing
Term 6 of 116
FEMA defines a flood as
Consumer
Single family or multi family housing
Overflow, rapid accumulation, mudflow, colapse of land along shore
General agent
Term 7 of 116
Total mortgage debt reduced through monthly payments owners ownership interest is called
Equity
Net Lease
Percentage Lease
Ethics
,Term 8 of 116
Poessesion, control, enjoyment, exclusion, dispostion
The five parts of the bundle of legal of legal rights
Determine how prices for goods and services are set.
Splitting a single property into smaller parcels (bundels)
Mortgage principal, interest, taxes,insurance
Term 9 of 116
Lease might contain a _____ __ _____ _______ Clause, allowing tenant opportunity to buy property
before owner excepts another offer from another party
Actual eviction
Graduated lease
Right of first refusal
Right of first offer
Term 10 of 116
Tenancy in common
Business property, including office space, shopping centers, stores, theaters, hotels, and
parking facilities
Permanence of land, long term nature of improvements, tends to stabilize investments
The federal housing administration (FHA) and department of veterans affairs (va) impact
by
Co-ownership in which each owner holds an undivided fractional interest in real
property like sole owner
, Term 11 of 116
Leases may be __________, ________ or _______, depending on circumstances and requirements of
statue of frauds.
Writing
Basic form
Written, oral, implied
General agent
Term 12 of 116
Specified rent increases at set future dates
Percentage lease
Index lease
Graduated lease
Gross lease
Term 13 of 116
Appraisal
Business property, including office space, shopping centers, stores, theaters, hotels, and
parking facilities
Estimating property's market value based on professional judgment
increase in prices and fall in purchasing value of money.
Personal property that turns into real property does so by
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