The ______________ __________ _________ is comprised of people whose activities and interactions involve buying, selling, exchanging, leasing, renting, improving, and using real property.
REAL ESTATE BUSINESS
A(n) __________ __________ of real estate usually holds property for the production of income and long-term benefits, such as appreciation, tax shelter, and income from the eventual sale of the property.
When a broker is acting as a single agent for others, the party employing the broker is called the __________ or ____________.
CLIENT OR PRINCIPLE
The broker owes the princpal the ___________ _________ of obedience, loyalty, confidentiality, accounting, and the duty to use skill, care, diligence.
Compensation must come from the _________ _______ for real estate services.
A broker offering limited representation to any party would be a(n) _______ _______.
An individual who passed he broker's State examination and wishes to perform real estate services, but does not desire to become an active broker would be registered as a(n) ______________ __________.
A sales associate may be employed by a(n) ________ or a(n) _________ _________.
BROKER OR OWNER-EMPLOYER
A builder who builds a home without a contract from a buyer and with the hope of selling this home to a potential buyer would be in ____________ ________.
Brokerage firms often speacialize in a particular geographic area, property, or client type using a marketing method called _______ to solicit business from the targeted client.
The primary responsibilty of a property manager is to obtain the _________ _______ _______ _______ for the landlord and protect the owner's investment.
HIGHEST POSSIBLE NET INCOME
When buyers select floor plans based on the model home, it is called __________ _________.
Counselors are usually compensated on a _____ _____ ______ whether or not the advice is used.
FLAT FEE BASIS
The largest real estate trade association is the _______ _______ _____ ______.