Champions School Ch. 1 - Intro to Real
Estate Exam With 100% Correct Answers
Grade A+
Institute of Real Estate Management (IREM) - ✔️✔️An international community of real
estate managers dedicated to ethical business
practices, maximizing the value of investment real estate, and promoting superior
management
through education and information sharing.
International Council of Shopping Centers - ✔️✔️exists to advance the shopping center
industry and to promote its role in the commercial distribution of consumer goods and
services
Apartment Locators. License or no license? - ✔️✔️license
appraisal - ✔️✔️the business of providing a professional opinion of the value of real
property
B uilding Owners and Managers Association (BOMA) International - ✔️✔️building
owners, managers, developers, leasing professionals, corporate facility managers,
asset managers, and the providers of the products and
services needed to operate commercial properties.
brokerage - ✔️✔️the aspect of the real estate business that pertains to overseeing the
needs of the parties and completing a transaction.
CCIM Institute - ✔️✔️Established in 1954 to give commercial real estate practitioners
an opportunity to further their business practices through education and networking
opportunities.
Apartment Locators - ✔️✔️work for firms that specialize in locating units for tenants in
multi-family
complexes
fixity - ✔️✔️refers to the fact that land, and additions to the land such as buildings, take
long periods of time to pay for themselves.
Home Inspectors - ✔️✔️licensed in Texas by the Texas Real Estate Commission
(TREC). The inspector-
candidate must complete a series of courses and pass the state exam
