Term
complex real estate transaction demand
the services of? |
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Definition
| licensed real estate associate, appraisers, attorneys, bankers, title insurance agents, architects,surveyors,and accounts. |
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Term
| Residential real estate provides |
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Definition
| housing for families and often the greatest source of wealth and savings for individual |
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Term
| What creates the need for space in retail, offices, and manuufacturing professionals |
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Definition
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Term
| Why does real estate brokers provide services for other? |
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Definition
| for compensation in the form of a commission, fee, or other valuable consideration |
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Term
| What are the three knowledge areas that a licensee bring to the table. |
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Definition
1. Knowledge of property transfer
2. Knowledge of market conditions
3. Knowledge of how to market real estate or businesses |
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Term
| The main function of a real estate brokerage |
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Definition
| bring together buyers and sellers, owner and renters. |
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Term
| What are some of various components of a real estate brokerage. |
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Definition
| Sales,leasing,property management, appraising, financing, and counseling. |
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Term
| Who does the sale associate work for? |
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Definition
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Term
| What are five sale specialties |
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Definition
1. Residential
2. Commercial
3. Industrial
4. Agricultural
5. Business |
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Term
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Definition
| a specific group of prospects chosen because of its demographic, financial,and lifestyle characteristics |
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Term
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Definition
| A selected geographical area or a group of people from which to solicit real estate business and to which a real estate license devotes special attention and study |
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Term
| An act contained in Title VIII of the Civil Right Act of 1968 that created protected classes of people and prohibits discrimination wheno selling or renting residential property when based on race, color, religion, sex,national origin, familial status, or handicap status |
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Definition
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Term
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Definition
| Escrow disbursement Order |
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Term
| The value of a home is $200,000. What is the commission if it is listed at 6% |
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Definition
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