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Real Estate Practice Exam Questions
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1. Brokerage definition...
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the business practice of bringing together the parties in a practice.
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Terms in this set (90)
1. Brokerage definition...
the business practice of bringing together the parties in a practice.
2. What are two examples of special use property?
schools and cemetary
3. What is an example of functional obsolescence?
bathroom
4. Principal definition...
a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker.
5. Capitalization definition...
the process of determining the present value of a property from it's future income.