1

Question 1

ONE WHO ACTS AS AN INTERMEDIARY ON BEHALF OF OTHERS FOR A FEE OR COMMISSION

Answer 1

BROKER

Question 2

LICENSEE

Answer 2

A PERSON WHO HAS THE SKILLS AND KNOWLEDGE TOBE LICENSED REAL ESTATE

Question 3

MARKET

Answer 3

A PLACE WHERE GOODS CAN BE BOUGHT AND SOLD AND PRICE ESTABLISHED

Question 4

SALESPERSON

Answer 4

A PERSON WHO PERFORMS REAL ESTATE ACTIVITIES WHILE EMPLOYED BY ASSOCIATED WITH A LICENSED REAL ESTATE

Question 5

SUPPY AN DEMAND

Answer 5

THE APPRAISAL PRINCIPLE THAT FOLLOWS THE INTERRELATIONSHIP OF THE SUPPLY OF THE DEMAND FOR REAL ESTATE.

Question 6

BROKERAGE

Answer 6

THE BRINGING TOGETHER OF PARTIES INTERESTED IN MAKING A REAL ESTATE TRANSACTION

Question 7

IMMOBILITY

Answer 7

THE PROPERTY OF REAL ESTATE THAT REFERS TO THE FACT THAT PROPERTY CANNOT BE RELOCATED ELSEWHERE

Question 8

UNIQUENESS

Answer 8

THE PROPERTY OF REAL ESTATE THAT STATES EVEN IF TWO PARCELS MAY APPEAR IDENTICAL,
THEY ARE NEVER EXACTLY ALIKE