Shared Flashcard Set

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Chapter One: The Real Estate Business
Chapter Tests
7
Real Estate & Planning
Professional
08/24/2020

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Property management and real estate asset management are both real estate management professions. The primary distinction between the two is that
Definition
property managers handle day-to-day operations while asset managers manage portfolios of properties. (8)
Term
People in the real estate business who primarily focus on creating new properties are
Definition
developers
Term
The term "commercial property" generally refers to
Definition
retail, office and industrial properties.
Term
Which of the following professionals involved in the real estate business are most concerned about procuring buyers and sellers for clients?
Definition
Brokers and agents
Term
Which of the following ways of specializing is common in the real estate brokerage business?
Definition
By geography
Term
What is an advisory service provider?
Definition
A broker who renders real estate services for a fee
Term
The level of government which is most active in regulating real estate licensees is the
Definition
state government.
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