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Flashcards in Chapter 1 Deck (9)
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1
Q

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

A

Farming

2
Q

3 type of expert knowledge required for all real estate licensees

A

Property transfer
Valuation
Marketing

3
Q

Overwhelming majority of real estate licenses are involved in

A

Residential brokerage

4
Q

Anything four units or fewer is considered

A

Residential transaction

5
Q

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

A

9 acres or less

6
Q

How many acres until an agricultural real estate is considered commercial

A

11 or more acres

7
Q

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

A

Tract building

8
Q

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

A

Local governments

9
Q

Temporary delay for a building project

A

Moratorium