PREP Ch. 1

Question 1

Name the 7 real estate activities.

hint: Commit R

Answer 1

1. C-reate
2. O-wn
3. M-anage
4. M-aintain
5. I-mprove
6. T-ransfer real properties
7. R-egulate

Question 2

Name 7 types of property specialization.

ORRIS FR

Answer 2

1. Residential
2. Residential Income
3. Office
4. Industrial
5. Farm and ranch
6. Special purpose
7. Land