Question 1

1. Dealing with the FHA, the VA, and the Federal Home Loan Bank would probably be associated with a career in

A. Consulting.

B. Commercial Brokerage.

C. Government Service.

D. Securities and Syndications.

Question 2

1. Which of the following statements would be true concerning a career in commercial real estate brokerage?

A. Commercial brokers specialize in income producing properties such as office buildings and retail stores but not apartments.

B. The time required to break into the business is quite short.

C. To be successful in commercial brokerage one must be very competent in mathematics, know how to finance transactions, and be aware of current tax laws.

D. Commercial brokers deal primarily with rental housing.

Question 3

1. Most people who are considering a career in real estate think of becoming a real estate agent who specializes in selling homes because

A. home selling is the area of business most people answer and the one in which most practicing real estate licensees make their living.

B. home selling is the most visible segment of the real estate industry.

C. residential sales experience is a good way to find out whether real estate sales appeals to the individual.

D. all of the above are true.

Question 4

1. Property managers are usually paid a salary and must have a real estate license.

True

False

Question 5

1. To supervise every aspect of a propertys operation so as to produce the highest possible financial return over the longest period of time would best describe the role of

A. the land developer.

B. the apartment locator.

C. the industrial broker.

D. the property manager.