Champions Commercial Real Estate- SAE Exam Questions With
All Correct Detailed Answers
Terms in this set (161)
attaches to all the property of the debtor, not exempt from
General Lien (also Statatory)
forced sale (Example: a judgment or IRS lien)
the ability to handle clients and situations in a sensitive and
Diplomacy
effective way - is critical in commercial real estate, and a lack of it
can expose you immediately as a beginner.
The Deceptive Trade Practices Act (DTPA) is a Texas law that
was passed in 1973. It allows an aggrieved consumer to sue a
DTPA
seller of goods for damages. The act by the seller of the goods
has to be deceptive or unfair for the consumer to
successfully sue for monetary damages.
The CCIM Institute was established in 1954 to give commercial real estate
practitioners an opportunity to further their business
CCIM
practices through education and networking opportunities.
The institute administers the Certified Commercial
Investment Member (CCIM) designation. "Gold Standard"
International Council of Shopping Centers - The purpose of The
ICSC International
Council of Shopping Centers (ICSC) is to advance the shopping
center industry and to promote its role in the commercial
distribution of consumer goods and services.
This will be one of the greatest assets of your business. Pick a
comprehensive database
geographical region to farm, and assemble a database of
properties and property owners.
, FIDELITY
INTEGRITY
Canons of Professional Ethics and COMPETENC
Conduct
Y
CONSUMER INFORMATION
DISCRIMINATORY PRACTICES
are two Latin words that most people have heard at some point
caveat emptor
- "let the buyer beware." All real estate transactions in Texas
are done "as is."
Institute of Real Estate Management
is an international community of real estate managers dedicated to
IREM ethical business practices, maximizing the value of investment
real estate, and promoting superior
management through education and information sharing. IREM
membership includes more than 18,000 individuals and 550
corporate members.
Building Owners and Managers Association is a federation of 93
BOMA U.S. associations, BOMA Canada, and 13 BOMA
BOMA international affiliates. BOMA
International's members are building owners, managers, developers, leasing
professionals, corporate facility managers, asset managers, and
the providers of the products and services needed to operate
commercial properties.
All commercial brokers practice intermediary because it is in
their best interests to do so. As the intermediary, the broker
Intermediary brokerage can sell one of his own listings to a buyer. This is the reason
that many properties are never listed on the market as "for
sale." It is
more beneficial to keep the commission in-house, so others
are not vying for a part of the commission.
laws exist at the federal, state and local levels to ensure that
all citizens have unob- structed access to housing. Residential
fair housing
agents must always adhere to all fair housing laws and cannot
discriminate or refuse to sell or rent property based upon a
buyer's race, color, national origin, religion, sex, familial
status or handicap.