Champions Commercial Real Estate- SAE Exam| Most
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Chapter 1-Quiz
1. Commercial real estate is often defined as any real
estate that is _____________.
a. Over $1 million dollars
b. Less than 5 units
c. Not residential in nature
d. Bought as an investment - Answers-c. Not residential in
nature
2. Which of the following is a good reason for joining a big-
name international commercial real estate firm?
a. No MLS
b. Good mentorship program
c. The ability to keep your residential clients
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d. All of these are good reasons for joining a big-name
international real estate firm - Answers-b. Good
mentorship program
3. Which statement regarding commercial real estate is
FALSE?
a. Pocket listings are rare and can be viewed as unethical
b. It can take 3 to 6 months for a deal to close
c. No TREC-promulgated forms exist
d. Attorneys are often involved in the transaction -
Answers-a. Pocket listings are rare and can be viewed as
unethical
CHAPTER 2 QUIZ
1. _____________ affect(s) the supply of real estate in the
United States.
a. Economics
b. Land costs
c. Taxation
d. All of these affect the supply of real estate in the U.S. -
Answers-d. All of these affect the supply of real estate in
the U.S.