Set: Chapter 1 Definitions
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All 11 Terms
| | Term | Definition |
|---|---|---|
| |
Property Management | Management of another's property for compensation |
| |
Brokerage | Bringing together parties interested in a real estate transaction |
| |
Realtor ® | Member of National Association of REALTORS, adhere to Code of Ethics |
| |
Categories of Real Property | Residential, Commercial, Industrial, Agricultural, Special Projects |
| |
Real Property | Interests, benefits, and rights associated with real estate ownership |
| |
Demand | Amount of goods people are willing and able to buy |
| |
Salesperson | Performs real estate activities under supervision of licensed real estate broker |
| |
Development | Construction of improvements on land, i.e., new homes, water lines |
| |
Subdivision | Splitting a single property into smaller parcels |
| |
Market | Place where goods are bought and sold, price is established |
| |
National Association of Real Estate Brokers (NAREB) | Dedicated to equal housing opportunity, members are REALISTS |
Set Information
| Terms | 11 |
| Creator | tabgilbert |
| Created | April 5, 2007 |
| Group | RealEstateClass |
| Tag | chapter1 |
| Access | Anyone |
| Edit | Creator Only |
Description
Chapter 1 Definitions
Most Missed Words
- Realtor ® → Member of National Association of REALTORS, adhere to Code of Ethics - 15 misses
- National Association of Real Estate Brokers (NAREB) → Dedicated to equal housing opportunity, members are REALISTS - 11 misses
- Categories of Real Property → Residential, Commercial, Industrial, Agricultural, Special Projects - 6 misses
- Real Property → Interests, benefits, and rights associated with real estate ownership - 4 misses
- Subdivision → Splitting a single property into smaller parcels - 4 misses
- Demand → Amount of goods people are willing and able to buy - 3 misses
- Property Management → Management of another's property for compensation - 1 miss