RERA BROKER UPDATED SCRIPT 2026
PRACTICE SOLUTIONS GRADED A+
● Licensee. Answer: A person who has satisfied the requirements of a
licensing agency, as authorized by state legislation. Who can perform
brokerage activities on behalf of the broker.
● Appraisals. Answer: Process of developing an opinion of a property's
market value.
● Property manager. Answer: A person or company hired to maintain
and manage property on behalf of the property owner
● Financing. Answer: Is the business of providing the funds that make
real estate transactions possible
● Subdivisions. Answer: Dividing of a single property into smaller
parcels
● Development. Answer: Involves the construction of improvements that
benefit the land
● Home inspection. Answer: A profession that combines a practitioners
interest in real estate with skills and training in the construction trades.
, ● code of ethics. Answer: A written system of standards for ethical
conduct.
● Residential. Answer: All property used for single-family or multi
family housing, whether in urban, suburban, or rural areas
● Commercial. Answer: Business property, including office space,
shopping centers, stores, theaters, hotels and parking facilities.
● Mixed use. Answer: Property that allows for two uses; commercial
and residential in the same building
● Industrial. Answer: Warehouses, factories, land in industrial districts,
and power plants
● Agricultural. Answer: Farms, timberland, ranches, and orchards
● Special purpose. Answer: Privately owned properties, such as places
of worship, schools and cemeteries, as well as publicly held properties,
such as schools, municipal service building and parks
● Factory built housing. Answer: Mobile home
PRACTICE SOLUTIONS GRADED A+
● Licensee. Answer: A person who has satisfied the requirements of a
licensing agency, as authorized by state legislation. Who can perform
brokerage activities on behalf of the broker.
● Appraisals. Answer: Process of developing an opinion of a property's
market value.
● Property manager. Answer: A person or company hired to maintain
and manage property on behalf of the property owner
● Financing. Answer: Is the business of providing the funds that make
real estate transactions possible
● Subdivisions. Answer: Dividing of a single property into smaller
parcels
● Development. Answer: Involves the construction of improvements that
benefit the land
● Home inspection. Answer: A profession that combines a practitioners
interest in real estate with skills and training in the construction trades.
, ● code of ethics. Answer: A written system of standards for ethical
conduct.
● Residential. Answer: All property used for single-family or multi
family housing, whether in urban, suburban, or rural areas
● Commercial. Answer: Business property, including office space,
shopping centers, stores, theaters, hotels and parking facilities.
● Mixed use. Answer: Property that allows for two uses; commercial
and residential in the same building
● Industrial. Answer: Warehouses, factories, land in industrial districts,
and power plants
● Agricultural. Answer: Farms, timberland, ranches, and orchards
● Special purpose. Answer: Privately owned properties, such as places
of worship, schools and cemeteries, as well as publicly held properties,
such as schools, municipal service building and parks
● Factory built housing. Answer: Mobile home
