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Connecticut Real Estate License Exam With Complete Solutions Latest Update $16.99   Add to cart

Exam (elaborations)

Connecticut Real Estate License Exam With Complete Solutions Latest Update

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  • Course
  • Connecticut Real Estate License
  • Institution
  • Connecticut Real Estate License

Connecticut Real Estate License Exam With Complete Solutions Latest Update...

Preview 2 out of 12  pages

  • November 9, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • brokerage
  • Connecticut Real Estate License
  • Connecticut Real Estate License
avatar-seller
Easton
Connecticut Real Estate License Exam With
Complete Solutions Latest Update


brokerage - ANSWER the business of bringing people together in a real estate
transaction



broker - ANSWER a person or company licensed to buy, sell, exchange, or lease real
property for others and to charge a fee for these services



real estate salesperson - ANSWER employed by or associated with the broker to
perform brokerage activities on behalf of or for the broker



real estate licensee - ANSWER one who has met the requirements of a licensing agency,
authorized by state legislation



appraisal - ANSWER act or process of forming an opinion of a property's market value,
based on established methods and the appraisers professional judgment



appraiser - ANSWER must have detailed knowledge of the methods of valuation



property manager - ANSWER a person or company hired to maintain and manage
property on behalf of the property owner



financing - ANSWER the business of providing the funds that make real estate sales
transactions possible



subdivision - ANSWER the dividing of a single property into smaller parcels

development - ANSWER involved preparation of a site and construction of structures or
other improvements

, home inspection ANSWER a profession that melds a practitioner's interest in real estate
with skills and training in the construction trades



home inspector ANSWER one who conducts a careful visual survey of a property's
structure, systems, and site conditions and prepares an analytical report worthwhile to
purchasers and homeowners alike



caveat emptor ANSWER buyer beware



real estate counselor ANSWER provide clients with the facts necessary to arrive at a
decision must have a high level of industry expense categories of real property
ANSWER residential, commercial, mixed-use, industrial, agricultural, special purpose
residential ANSWER all property used for single-family or multifamily housing whether in
urban, suburban, or rural areas commercial ANSWER business property, including
office space, shopping centers, stores, theaters, hotels and parking facilities



mixed-use - ANSWER property that permits two or more commercial and residential
uses in the same building



industrial - ANSWER warehouses, factories, land in industrial districts, and power plants



agricultural - ANSWER farms, timberland, raches, and orchards



special purpose - ANSWER privately owned properties, such as places of worship,
schools, and cemeteries, as well as publicly held properties, such as schools, municipal
service, buildings and parks



single-family detached house - ANS one of the most popular, take the form of the row
house that may share a wall with an adjoining property, could have one or more
separate living units on each floor, offering the possibility of an owner-occupied building
that also provides rental income

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