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Owners that buy income properties as investments and depend on professionals to manage them - ANSWER Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - ANSWER CMA -Comparative Market Analysis... A contractor is employed by...
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Add to cartOwners that buy income properties as investments and depend on professionals to manage them - ANSWER Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - ANSWER CMA -Comparative Market Analysis... A contractor is employed by...
Joint Ventures - ANSWER is a temporary form of business arrangement often encountered in real estate business. Trade Names - ANSWER is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - ANSWER Adminis...
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Add to cartJoint Ventures - ANSWER is a temporary form of business arrangement often encountered in real estate business. Trade Names - ANSWER is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - ANSWER Adminis...
The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law - ANSWER D. FREC and the license...
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Add to cartThe best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law - ANSWER D. FREC and the license...
Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REA...
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Add to cartWhich statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REA...
Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - ANSWER $1,260.00 Tax calculation: $150,000 + $30,00...
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Add to cartLinda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - ANSWER $1,260.00 Tax calculation: $150,000 + $30,00...
Absentee Owner - ANSWER A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title - ANSWER A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the ...
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Add to cartAbsentee Owner - ANSWER A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title - ANSWER A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the ...
When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - ANSWER the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the follo...
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Add to cartWhen money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - ANSWER the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the follo...
A Business Broker - ANSWER Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - ANSWER Keeping in contact with the new owner after the closing of the sale A builder cons...
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Add to cartA Business Broker - ANSWER Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - ANSWER Keeping in contact with the new owner after the closing of the sale A builder cons...
In which area of brokerage has absentee ownership increased the demand? - ANSWER Property management How is a real estate appraiser typically paid? - ANSWER A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve - ANSWER A subdiv...
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Add to cartIn which area of brokerage has absentee ownership increased the demand? - ANSWER Property management How is a real estate appraiser typically paid? - ANSWER A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve - ANSWER A subdiv...
Absentee Owner - ANSWER An owner who does not reside on the property and who usually relies on a property manager to supervise the real estate Agricultural, 10 - ANSWER ___ property is defined in Florida license law to mean agricultural property of more than __ acres. Appraisal - ANSWER The pr...
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Add to cartAbsentee Owner - ANSWER An owner who does not reside on the property and who usually relies on a property manager to supervise the real estate Agricultural, 10 - ANSWER ___ property is defined in Florida license law to mean agricultural property of more than __ acres. Appraisal - ANSWER The pr...
A sales associate works under - ANSWER the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal - ANSWER With a flat fee The product/service that all real estate professionals sell is - ANSWER their expert knowledge Which area of rea...
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Add to cartA sales associate works under - ANSWER the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal - ANSWER With a flat fee The product/service that all real estate professionals sell is - ANSWER their expert knowledge Which area of rea...
He sold his investment property and has identified the property he'd like to buy next. Within how many days must he close on this property in order for it to qualify as part of the exchange? - ANSWER a. 180 b. 30 c.45 d.60 a. He has 45 days to identify a property he would like to purchase and...
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Add to cartHe sold his investment property and has identified the property he'd like to buy next. Within how many days must he close on this property in order for it to qualify as part of the exchange? - ANSWER a. 180 b. 30 c.45 d.60 a. He has 45 days to identify a property he would like to purchase and...
When did Florida pass its first Real Estate Law? - ANSWER 1923 When was the FREC created? - ANSWER 1926 What is the purpose of the FREC? - ANSWER protect the public What is the DBPR? - ANSWER Department of Business and Professional Regulation What is the Mission of the Department? - ANSW...
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Add to cartWhen did Florida pass its first Real Estate Law? - ANSWER 1923 When was the FREC created? - ANSWER 1926 What is the purpose of the FREC? - ANSWER protect the public What is the DBPR? - ANSWER Department of Business and Professional Regulation What is the Mission of the Department? - ANSW...
Real estate investment trust that are formed to buy, own and manage investment projects are called - ANSWER Equity trust What Fl statute created the Department of business and professional regulation - ANSWER FL 455 Universal Agent - ANSWER All matters by power of attorney General Agent - A...
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Add to cartReal estate investment trust that are formed to buy, own and manage investment projects are called - ANSWER Equity trust What Fl statute created the Department of business and professional regulation - ANSWER FL 455 Universal Agent - ANSWER All matters by power of attorney General Agent - A...
What did the Florida legislature do in 1923? - ANSWER Passed the Real Estate License Law, Chapter 275 of Florida Statutes What is Chapter 475 of the Florida Statutes? - ANSWER Real Estate License Law What did the Florida Legislature do in 1925? - ANSWER Created the Florida Real Estate Commissi...
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Add to cartWhat did the Florida legislature do in 1923? - ANSWER Passed the Real Estate License Law, Chapter 275 of Florida Statutes What is Chapter 475 of the Florida Statutes? - ANSWER Real Estate License Law What did the Florida Legislature do in 1925? - ANSWER Created the Florida Real Estate Commissi...
Real Estate Business - ANSWER Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - ANSWER Is the bringing...
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Add to cartReal Estate Business - ANSWER Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - ANSWER Is the bringing...
RE licensee provide specialized service in 5 areas - ANSWER Details of property transfer Knowledge of market conditions Knowledge of how to market RE or businesses Knowledge of how to analyze buyers needs Knowledge of laws that pertain to RE Sales and leasing - ANSWER RE sales is the lifebloo...
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Add to cartRE licensee provide specialized service in 5 areas - ANSWER Details of property transfer Knowledge of market conditions Knowledge of how to market RE or businesses Knowledge of how to analyze buyers needs Knowledge of laws that pertain to RE Sales and leasing - ANSWER RE sales is the lifebloo...
Brokerage offices - ANSWER All active Fl RE brokers are required to have an office and to register the office with DBPR. Sales assoc are not permitted to open offices of their own. They must be registered from and work out of an office maintained and registered in the name of their employer. Bran...
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Add to cartBrokerage offices - ANSWER All active Fl RE brokers are required to have an office and to register the office with DBPR. Sales assoc are not permitted to open offices of their own. They must be registered from and work out of an office maintained and registered in the name of their employer. Bran...
Complaints against licensees are confidential until _____ days after probable cause is found to exist. - ANSWER 10 Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There after the licensee has ____ days to take corrective action. - ANSWER 15 ...
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Add to cartComplaints against licensees are confidential until _____ days after probable cause is found to exist. - ANSWER 10 Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There after the licensee has ____ days to take corrective action. - ANSWER 15 ...
Brokers who list and sell smaller businesses are - ANSWER business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a - ANSWER subdivision plat map. Investors who don't live on the properties t...
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Add to cartBrokers who list and sell smaller businesses are - ANSWER business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a - ANSWER subdivision plat map. Investors who don't live on the properties t...
Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor - ANSWER b. ...
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Add to cartWhich statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor - ANSWER b. ...
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