The Business Of Real Estate Flashcards
Real estate licensees who engage in marketing business are called this type of broker
Business
Process of developing an estimate of property value
Appraisal
One of the major sales specialties
Commercial
This type of marketing involves developing a database of information
Target Marketing
Gift of land by a developer
Dedication
A set of guidelines to follow when providing appraisal services
USPAP
This type of property owner doesn’t reside on the premises
Absentee Owner
Contact made by sales associates with buyers and sellers after the sale
Follow-up
CAM
Community Association Manager
A marketing tool that may not be called an appraisal
CMA
The sales associates compensation for a BPO (BROKER’S PRICE OPINION) must be paid to the sales associates
Broker
A type of residential construction involving model homes
Tract
CMA
Comparative Market Analysis
USPAP
Uniform Standards of Professional Appraisal Practice
