Real Estate Key Terms & Concepts: Aceable
Agent Level 1 Study Guide Questions and
Answers () | 100% Correct Verified
Answers Graded A+
Apartment Locator - CORRECT>> a real estate license holder who locates dwelling units
forprospective tenants
Tenant - CORRECT>> a holder of land rights; a person who holds the right to live in a
residence; an occupant
Broker - CORRECT>> An agent that can own a real estate firm and can hire other agents
towork for them
Client - CORRECT>> A customer that is contractual
Sales Agent Apprentice Education (SAE) - CORRECT>> an educational requirement for
courses in the first two years of being licensed as a real estate agent
Consumer - CORRECT>> can be buyer, seller, customer, or client
Land - CORRECT>> the actual piece of the earth, including anything below the surface
of theland and the air above it.
Real Estate - CORRECT>> made up of the land AND any natural or human-made
improvements attached to it (such as buildings, crops, roads, etc.).
Real Property - CORRECT>> real estate PLUS the bundle of rights that come with
ownershipof it
Personal Property - CORRECT>> items that can easily be removed from the
landex. a desk inside of a house
3 Characteristics of land - CORRECT>> immobility, indestructibility, and heterogeneity
Immobility - CORRECT>> One of the characteristics of land. you can't move land
Fixity - CORRECT>> the fact that real estate exists in a fixed location and cannot be
moved
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