Real Estate Business

Question 0

**6 Categories of Real Property (RICAMS)

Answer 0

1) RESIDENTIAL
2) COMMERCIAL
3) MIXED-USE
4) INDUSTRIAL
5) AGRICULTURAL
6) SPECIAL-PURPOSE

Question 1

What are areas of specialization in Real Estate?

Answer 1

1) BROKERAGE
2) LICENSEE
3) APPRAISAL
4) PROPERTY MANAGEMENT
5) FINANCING
6) SUBDIVISION AND DEVELOPMENT
7) HOME INSPECTION
8) COUNSELING
9) EDUCATION

Question 2

**What is equity?

Answer 2

The paid-off share of the property free of any mortgage.