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Real Estate Marketing Commercial Real Estate (SAE), Champions Commercial Real Estate- SAE Exam
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Real Estate Marketing Commercial Real Estate (SAE), Champions Commercial Real Estate- SAE Exam...
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Real Estate Marketing Commercial Real Estate (SAE), ChampionsCommercial Real Estate- SAE Exam
General Lien (also Statatory) - Answer attaches to all the property of the debtor, not
exempt from forced sale Advertisement (Example: a judgment or IRS lien)
Diplomacy - Answer the ability to handle clients and situations in a sensitive and
effective way - is critical in commercial real estate, and a lack of it can expose you
immediately as a beginner.
DTPA - Answer The Deceptive Trade Practices Act or DTPA is a Texas law enacted in
1973. An injured consumer, under this act, can sue a seller of goods for monetary
damages. An act of the seller of the goods has to be deceptive or unfair for the
consumer to successfully sue the seller for monetary damages.
CCIM - Answer The CCIM Institute was established in 1954 to provide the commercial
real estate profession an avenue to improve business practices through education and
networking. The institute offers the Certified Commercial Investment Member
designation. "Gold Standard"
ICSC - Answer International Council of Shopping Centers - The mission of The
International Council of Shopping Centers (ICSC) is to promote and advance the
shopping center industry and to maintain its position in the commercial distribution of
consumer goods and services.
comprehensive database - Answer This will be one of your biggest weapons. Choose a
geographic area to farm, then build an inventory of properties and owners of those
properties.
Canons of Professional Ethics and Conduct - Answer FIDELITY
INTEGRITY
COMPETENCY
,CONSUMER INFORMATION
DISCRIMINATORY PRACTICES
caveat emptor - Answer are two Latin words that most people have heard at some point
- "let the buyer beware." All real estate transactions in Texas are done "as is."
IREM - Answer Institute of Real Estate Management
is an international community of real estate managers dedicated to ethical business
practices, maximizing the value of investment real estate, and promoting superior
management through education and information sharing. IREM membership includes
more than 18,000 individuals and 550 corporate members.
BOMA-ANSWER Building Owners and Managers Association is a federation of 93 BOMA
U.S. associations, BOMA Canada and 13 BOMA international affiliates. BOMA
International's members are building owners, managers, developers, leasing
professionals, corporate facility managers, asset managers and the providers of the
products and services needed to operate commercial properties.
Intermediary brokerage - Answer All commercial brokers practice intermediary
because it is in their best interests to do so. As the intermediary, the broker can sell one
of his own listings to a buyer. This is the reason that many properties are never listed on
the market as "for sale." It is more beneficial to keep the commission in-house, so others
are not vying for a part of the commission.
Fair Housing ANSWER Laws at the federal, state and local levels make it clear that each
and every citizen is entitled to have unob- structed access to housing. Residential
agents must, at all times, adhere to every fair housing law. Agents may not discriminate
against or refuse to sell or rent property to a buyer because of their race, color, national
origin, religion, sex, familial status or handicap.
SIOR - Summary Society of Industrial and Office Realtors is a professional organization
begun in 1939, with over 3,000 members worldwide that offers the SIOR Designation, a
symbol of knowledge, production, and ethics in the real estate industry.
, NARPM - Answer Most single-family homes used as rentals are managed by the owner/
landlord. However, a growing portfolio of homes, homes scattered over a large area,
and other factors may make professional management desirable. The National
Association of Residen- tial Property Managers is an organization of managers of
single-family and small multifamily properties. For more information, visit
http://www.narpm.org.
Commercial real estate is frequently defined as any real estate that is ____________.
- Answer Not residential in nature
What is a good reason to join a big-name international commercial real estate firm? -
Answer Good mentorship program
Which of the following statements regarding commercial real estate is FALSE? - Answer
Pocket listings hardly, if ever, occur and are seen as highly unethical
Supply and demand - Answer are perhaps major determinants of real estate values.
Whenever the supply of real estate is low and demand high, prices in the marketplace
go up.
Campus-style - so-called because they resemble the layout of a university campus are
usually very large - measured in acres and are often located on big tracts of land allow
easy parking and do not rely on passer-by or walk around traffic from other retail
businesses that lease space in campus-style office parks are Oil and energy companies,
health care providers, including dentists and general practitioners.
Low-rise (less than 7 stories)-Answer: Low-rise buildings can have from 1 to 3 stories
and are found more in residential areas than in the highly populated city environment.
There are fewer units for renters to select with very few, if any, amenities. The monthly
rent for apartments in low-rise buildings is generally lower than for mid and high-rise
buildings.
Skyscraper-Answer: Anything over 40 floors.
garden-style apartments - buildings are typically low-rise 1 to 3 floors clusters of
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