Aceable Agent Exam Prep
Complete Questions and
Practice Test Latest
Updated
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Aceable Agent
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1. Apartment Loca- a real estate license holder who locates dwelling units for prospective tenants
tors
2. Tenant one who possesses a property under a lease without ownership
3. Broker someone who assists in buying and selling to receive a commission
4. Client a person or company that buys or leases any product or service
5. Land the surface of the earth, extending down to the center of the earth and up into
space
6. Real Estate includes the land and any natural or manmade improvements attached to it
7. Real Property includes land and any natural or manmade improvements attached to it, plus the
bundle of legal rights of ownership
8. Personal Proper- items that can easily be removed from the land
ty
9. Immobility characteristic of land stating that land has a particular geographical location that
will remain constant, barring erosion or slow, geological changes
10. Real Estate Bro- a person or corporation who markets to find buyers and sellers to put together in
ker exchange for a commission
11. Broker's Price a broker's price opinion is the process used by a hired sales agent to determine
Opinion (BPO) the potential selling price or estimated value of a real estate property
12. Closing the completion of a real estate transaction in which the buyer receives ownership
and the seller receives the contract amount
13. Comparative a report comparing the prices of sold homes that are similar to the subject property
Market Analysis (called comparables); created by a license holder to help the seller or buyer
(CMA) determine the market price
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