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WorksheetsReal Estate License and Practices Quiz CHP1
Total questions: 10
Worksheet time: 5mins
What are the three categories of real estate licenses under Chapter 475, Part I?
Broker Associate, Property Manager, Appraiser
Sales Associate, Appraiser, Business Broker
Broker, Appraiser, Property Manager
Broker, Sales Associate, Broker Associate
Which of the following is NOT a listed service of real estate?
Buy
Barter
Lease
Auction
What type of knowledge is NOT expected from a real estate licensee?
Prepare deeds or mortgages
How to market real estate
Knowledge of market conditions
Knowledge of property transfer
Which function does NOT require a real estate license?
Leasing
Property Management
Land Development
Sales
What is a business broker specialized in?
Community association management
Property management
Sale, purchase, or lease of business enterprises and opportunities
Land development
What is the term for specializing in a particular geographic area in real estate?
Area focus
Geographic specialization
Market segmentation
Target marketing
Who does a property manager represent?
Community association
Real estate broker
Tenant
Landlord
What has primarily increased the demand for property management services?
Growth of urban areas
Development of new properties
Increase in property values
Growth of absentee ownership
What document contains the scope of work and compensation structure for property management services?
Sales contract
Brokerage agreement
Management agreement
Lease agreement
What is required for a manager of a community association with more than 10 units or an annual budget over $100,000?
Broker license
Real estate license
Community Association Manager (CAM) license
Property management certification
