CLI Part A Exam Flashcards

CLI Part A Exam Flashcards associate licenseealso known as sales associateemployed by or associated with a broker to perform brokerage activities on behalf of or for the broker property managerperson or company hied to maintain and manage property on behalf of property owner value of property increasingexchanges fair housingdecision to purchase or lease housing, and where to do it, should be based on an individuals finances and preferences (aka don't discriminate) difference between purchase price of property and its net selling price.depreciation (cost recovery) leveragethe use of borrowed money to finance an investment only building depreciates, not the landequity buildup person or company licensed to buy, sell, exchange, or lease real property for others and to charge a fee for it capital gain real estate licenseesupply and demand appraisalprocess of developing an opinion of a property's market value, based on established methods and a professional opinion liquiditymarket home inspectionconducts a visual survey of a properties structure, systems, and site conditions and prepares an analytical report appreciationbroker