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The CE Shop. 30-HR. TX PRINCIPLES OF REAL ESTATE II Questions and Answers
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The CE Shop. 30-HR. TX PRINCIPLES OF REAL ESTATE II
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The CE Shop. 30-HR. TX PRINCIPLES OFREAL ESTATE II
What happens when an appraisal comes back lower than the asking price? - answer1.
They can acknowledge a fail
2. The buyer can increase the down payment
3. The seller can lower the asking price
4. They can compromise
Real Estate Broker - answerA person licensed as a broker who performs brokerage
activities and collects compensation
Real Estate Sales Agent - answerA person who performs real estate activities while
associated with a licensed real estate broker
Licensee - answerA person holding a valid license
Appraiser - answerA person holding certification to estimate the value of real property
according to standardized principles of valuation
Home Inspector - answerA person who is affiliated with a national nonprofit trade
association, has passed the appropriate exam, and evaluates properties for their
condition
Lender - answerA person who arranges financing for the buyer of real property
Developer - answerA person who constructs improvements on raw land
Subdivider - answerA person who splits a single property into smaller parcels in
preparation for development
Real Estate Investor - answerA person who puts money or property into a real estate
project for profit
Real Estate Attorney - answerA person who holds a law degree and specializes in real
estate; may legally broker deals
Real Estate Counselor - answerA person who provides services to help determine
viability of a real estate asset or project
, The Leisure Category - answerHotels/motels
Golf courses
Resorts
Sporting arenas
Movie theaters
Restaurants
The Industrial Category - answerHeavy manufacturing
Light manufacturing
Warehouse & distribution
The Healthcare Category - answerHospitals
Urgent care centers
Doctor's offices
The Residential Category - answerSingle-family
Multifamily
Apartment buildings
Condominiums, cooperatives
The Office Building Category - answerClass A - prestigious
Class B - fair to good
Class C - functional, below average rent
The Retail Category - answerNeighborhood shopping centers (strip malls)
Regional shopping malls
The Specialty Category - answerMixed-Use
Combined retail/residential
Planned Unit
High-density, zoning mix
Transit-Oriented
Near transportation hub
Private Land Controls - answerEasements, Liens, and Deed Restrictions
Residential Zone - answersingle-family or multi-family including a duplex or a high rise
apartment
Accessory Apartment/Accessory Use - answerAn additional property subordinate to the
main use of the property such as an equipment shed or mother-in-law suite
Home Occupation - answerA residential zone where the residents of the dwelling
conduct business out of their home.
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