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Aceable Real Estate Questions with Correct Answers.
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Aceable Real Estate Questions with Correct Answers.
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Aceable Real Estate Questions with Correct AnswersCommittee Members (12) Correct Answer-7: License holders that have
been in practice for at least five years.
4: Real Estate instructors/owners of real estate schools. (education
members)
1: Represents the public.
Educational Standards Advisory Committee (ESAC) Correct Answer-
They review and revise curriculum standards, course content, and
instructor certification requirements for both the qualifying and
continuing education courses.
Article 11 Correct Answer-Be competent in the services you perform
and don't attempt to provide services outside of your shop of practice
UNLESS you have assistance from someone competent and fully
disclose with the client.
Rural Properties Correct Answer-Ranches, Farms, Average Tracts.
Successful agents in this area "speak the language" of farmers, etc.
Agents have environmental knowledge.
Property Development Correct Answer-Locating property, deciding on
how it can be used, and then building on it.
Property development is NOT what Real Estate agents do.
, Industrial Real Estate Correct Answer-Some are suited for industrial
property.
EX: Warehousing, Storage, Data Centers, Etc.
Commercial Real Estate Correct Answer-Primarily made up of property
that is used for business.
Income producing property
EX: gas station, convenience stores, apartment building, etc.
Multi-Family Residences Correct Answer-Duplex, Triplex, Fourplex
Separate Residences in the same building
Single Family Dwelling Correct Answer-a housing unit detached from
others, own the land, building, and all improvements
Sales Agent Apprentice Education (SAE) Correct Answer-an
educational requirement for courses in the first two years of being
licensed as a real estate agent
Tenant Correct Answer-A person who pays for the right to live in a
residence owned by someone else
Client Correct Answer-The person whom an agent is representing, made
official through a representation document.
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