Aceable Agent: Level 1Questions with 100% correct answers

Five Catagories of Real Estate Properties - correct answer (1) Residential, (2) Commercial, (3) Industrial, (4) Farm & Land/ Agriculture (5) Special Purpose Apartment Locator - correct answer A real estate license holder who locates dwelling units for prospective tenants Tenant - correct answer one who possesses (rents) real property for a period of time, usually under a lease. The property or estate is normally owned by the landlord. Broker - correct answer Someone who assists in buying and selling to recieve a commission. Client - correct answer The person that an agent is representing, made official through a representation document. Sales Agent Apprentice Education (SAE) - correct answer an educational requirement for courses in the first two years of being licensed as a real estate agent. Consumer - correct answer A person or company that buys or leases any product or service. Education Standards Advisory Committee (ESAC) - correct answer To review and revise curriculum standards, course content and instructor certification requirements for both qualifying and continuing education courses. Committee Members - correct answer 12 members appointed by the commission. *Seven members who are license holders. *Four education members who are real estate instructors or owners of real estate schools. *One member who represents the public.