Chapter 1

Question 1

When licensee concentrate on one type of style of property or on one particular neighborhood

Answer 1

Farming

Question 2

3 type of expert knowledge required for all real estate licensees

Answer 2

Property transfer
Valuation
Marketing

Question 3

Overwhelming majority of real estate licenses are involved in

Answer 3

Residential brokerage

Question 4

Anything four units or fewer is considered

Answer 4

Residential transaction

Question 5

How many acres (or less) is an agricultural property considered residential

Answer 5

9 acres or less

Question 6

How many acres until an agricultural real estate is considered commercial

Answer 6

11 or more acres

Question 7

A developer squires a large tract of land and uses a model center from which sales may be made

Answer 7

Tract building

Question 8

Who controls planning and zoning property taxation building and health code regulations

Answer 8

Local governments

Question 9

Temporary delay for a building project

Answer 9

Moratorium