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CHAMPIONS COMMERCIAL REAL ESTATE-
SAE 2025 BRAND NEW ACTUAL EXAM
WITH ANSWERS.
Exclusive Agency listing - correct answer -states that you are the
exclusive listing agent and agency. However, the owner reserves
the right to sell the property himself to people whom you have not
had negotiations with and the owner will owe no commission to
the firm or agent
open listing - correct answer -no protection at all. In writing and
sets the price and terms, but states that it is cancelable
Verbal listing - correct answer -also known as pocket listing
Listing Property Manager - correct answer -this person is a
licensed real estate agent employed by a real estate firm that
manages property or an individual broker who manages property
for a fee. People working under the direct supervision of a
licensed property manage do not need to be licensed
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Individual Property Manager - correct answer -this person
manages a single property for an owner and may or may not be
real estate licensee . This is usually a salary position that could
include free rent
Resident Manager - correct answer -lives on the premises and
may be employed by the owner or a property management firm
Licensed Property Manager - correct answer -must act in fiduciary
capacity as the agent
Advantages of investing in single family homes - correct answer -
High Leverage
Rapid Appreciation
Large Resale
Ease of Management
Disadvantages of investing in single family homes - correct
answer -Lack of Cash Flow
Potential Higher Vacancy Rates
CHAMPIONS COMMERCIAL REAL ESTATE-
SAE 2025 BRAND NEW ACTUAL EXAM
WITH ANSWERS.
Exclusive Agency listing - correct answer -states that you are the
exclusive listing agent and agency. However, the owner reserves
the right to sell the property himself to people whom you have not
had negotiations with and the owner will owe no commission to
the firm or agent
open listing - correct answer -no protection at all. In writing and
sets the price and terms, but states that it is cancelable
Verbal listing - correct answer -also known as pocket listing
Listing Property Manager - correct answer -this person is a
licensed real estate agent employed by a real estate firm that
manages property or an individual broker who manages property
for a fee. People working under the direct supervision of a
licensed property manage do not need to be licensed
, Page | 2
Individual Property Manager - correct answer -this person
manages a single property for an owner and may or may not be
real estate licensee . This is usually a salary position that could
include free rent
Resident Manager - correct answer -lives on the premises and
may be employed by the owner or a property management firm
Licensed Property Manager - correct answer -must act in fiduciary
capacity as the agent
Advantages of investing in single family homes - correct answer -
High Leverage
Rapid Appreciation
Large Resale
Ease of Management
Disadvantages of investing in single family homes - correct
answer -Lack of Cash Flow
Potential Higher Vacancy Rates
