Champions School of Real Estate-Principles of Real Estate I 100% VERIFIED SOLUTIONS

Champions School of Real Estate-Principles of Real Estate I 100% VERIFIED SOLUTIONS 3 Physical Characteristics of Land - ANSWER Indestructibility or durability Immobility Non homogeneity Mortgage Lending - ANSWER business of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt RMLO - ANSWER Residential Mortgage Lenders Originator Property Management - ANSWER Management of residential and commercial properties on behalf of owner/investor Apartment Locators - ANSWER Locates rentals of tenants in multi-family complexes. Has knowledge of amenities of all complexes in the market area. Paid a fee by apartment complex for referals Home Inspectors - ANSWER Inspects properties for habitability including HVAC, Plumbing, electrical and construction methods Real Estate Development - ANSWER Involves the acquisition of land for development into residential subdivisions, retail center and commercial uses Oil and Gas Landman - ANSWER Negotiates oil and gas leases with mineral owners. Title work to determine mineral ownership TREC - ANSWER Texas Real Estate Commision Education Standards Advisory Cmte - ANSWER 12 members-7 brokers, 4 education board members, 1 public member. Reviews and revises curriculum standards, course requirements. NAR-National Association of Realtors - ANSWER Largest professional organization for RE profs. Divided into State and Local boards. Operates the MLS IREM-Institute of RE Mgmt - ANSWER Intl cmte of RE managers. CCIM-Certified Commercial Investment Memeber - ANSWER Est 1954. Furthers business practices through education and networking SIOR-Society of Industrial and office realtors - ANSWER Professional affiliate of the NAR. Specializes in industrial, office, sales managers, executive manager or advisory