Word definitions can be powerful links in your knowledge chain. Every profession has unique words and phrases, and real estate brokerage is no different. Be prepared to describe the common terms and understand what differentiates them; for example, a client and a customer, a GDS and a TDS ratio, an agent and a principal, market price and market value, stated nominal rate and effective rate, mortgagee and mortgagor—the list goes on and on. In every Passit Online Study Guide, we include puzzles as a special fun learning exercise to test your word skills. Don't let a weak word link spoil examination day.
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