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1. The Florida Real Estate Commission was first created in what year? (a) 1932 (b) 1925 (c) 1923 (d) 1919 - CORRECT ANSWER Your answer: B The first Florida Real Estate Commission was created in 1925 to administer and enforce the law, streamlining the process by removing the necessity for court...
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Add to cart1. The Florida Real Estate Commission was first created in what year? (a) 1932 (b) 1925 (c) 1923 (d) 1919 - CORRECT ANSWER Your answer: B The first Florida Real Estate Commission was created in 1925 to administer and enforce the law, streamlining the process by removing the necessity for court...
An economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. - CORRECT ANSWER B) two successi...
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Add to cartAn economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. - CORRECT ANSWER B) two successi...
FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party ca...
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Add to cartFHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party ca...
1x sold
If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - CORRECT ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common...
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Add to cartIf an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - CORRECT ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common...
agency - CORRECT ANSWER The relationship of agents and their principals buyer brokerage agreement - CORRECT ANSWER An agreement between a buyer and a broker for the broker to provide services to a buyer for compensation. The broker may be acting as a single agent, transaction broker, or a nonrepe...
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Add to cartagency - CORRECT ANSWER The relationship of agents and their principals buyer brokerage agreement - CORRECT ANSWER An agreement between a buyer and a broker for the broker to provide services to a buyer for compensation. The broker may be acting as a single agent, transaction broker, or a nonrepe...
residential sale is defined as: - CORRECT ANSWER property with four units or fewer, unimproved residential property intended for use of four units or fewer, or agricultural property of 10 acres or fewer. three types of required residential brokerage notices - CORRECT ANSWER no brokerage relation...
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Add to cartresidential sale is defined as: - CORRECT ANSWER property with four units or fewer, unimproved residential property intended for use of four units or fewer, or agricultural property of 10 acres or fewer. three types of required residential brokerage notices - CORRECT ANSWER no brokerage relation...
A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - CORRECT ANSWER $300,000 What facts need not be disclosed in a real estate transaction? - CORRECT ANSWER The property was the site of a homicide. What is a good graphic to sho...
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Add to cartA married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - CORRECT ANSWER $300,000 What facts need not be disclosed in a real estate transaction? - CORRECT ANSWER The property was the site of a homicide. What is a good graphic to sho...
Farming - CORRECT ANSWER Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - CORRECT ANSWER - Duplex - improved residential property of four units or fewer, including condominium units -unimprove...
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Add to cartFarming - CORRECT ANSWER Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - CORRECT ANSWER - Duplex - improved residential property of four units or fewer, including condominium units -unimprove...
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