module 1

The ______________ __________ _________ is comprised of people whose activities and interactions involve buying, selling, exchanging, leasing, renting, improving, and using real property.

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 ____________.

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) _________ _________.

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.

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.

The largest real estate trade association is the _______ _______ _____ ______.