The Real Estate Business July 14, 2020July 14, 2020 Carmelo0 comments Quiz questions: 1. The Real Estate Business. Property management and real estate asset management are both real estate management professions. The primary distinction between the two is that property managers handle day to day operations while asset managers manage portfolios of properties property managers always report to an asset manager. asset managers have greater knowledge of a property's finance asset managers are primarily responsible for maintenance technicians People in the real estate business who primarily focus on creating new properties are brokers. developers. zoning administrators. excavators. The term "commercial property" generally refers to non-owner-occupied properties. retail, office and industrial properties. multi-tenant properties. retail properties. Which of the following professionals involved in the real estate business are most concerned about procuring buyers and sellers for clients? Brokers and agents Property managers Corporate real estate managers Appraisers Which of the following ways of specializing is common in the real estate brokerage business? By type of house By geography By financial background of client By type of mortgage What is an advisory service provider? A broker of fee simple titles A corporate real estate broker A broker performing non-transaction services for a commission A broker who renders real estate services for a fee The level of government which is most active in regulating real estate licenses is the federal government. state government. county government. municipal government where the person resides. Time is Up!