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2024 COLIBRI CHAPTER 1, 2, 3 EXAM WITH CORRECT ANSWERS
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2024 COLIBRI CHAPTER 1, 2, 3 EXAM WITH CORRECT ANSWERS
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2024 COLIBRI CHAPTER 1, 2, 3EXAM WITH CORRECT ANSWERS
The three types of real estate licenses in the state of Florida are: - CORRECT
ANSWERS-Sales associate
Broker (qualifying)
Broker Associate
Assistants must be paid by - CORRECT ANSWERS-qualifying broker
Which does NOT appear on a real estate license? - CORRECT ANSWERS-The
name of the chairperson of the FREC
The Knowledge of Property Transfer - - CORRECT ANSWERS-by deed, will,
inheritance or the use of contracts, or trusts.
Knowledge of Market Conditions - - CORRECT ANSWERS-the level of listings
on the market, how the property may be financed, how quickly property sells
and the value of a property
Knowledge of How to Market Real Estate - - CORRECT ANSWERS-techniques
that include proper pricing, disclosure to both the buyer and the seller,
service to the buyers and sellers, and maintaining relationships with other
real estate professionals.
real estate brokerage business brings interested parties together to ... -
CORRECT ANSWERS-sell, lease, rent or exchange real property.
Real estate professionals often specialize in one particular geographic area
or property type. In real estate world, this is known as . - CORRECT
ANSWERS-Farming
Licensee may choose - CORRECT ANSWERS-Sales
Leasing
Management
Counseling
persons who are exempt from Florida Real Estate Law - CORRECT ANSWERS-
An owner selling his/her own property
, Anyone acting as an Attorney-in-Fact or on behalf of a trust
An employee of a public utility, rural electric cooperative, a railroad or state
or local government
Telecommunications people selling a radio, TV, or communications licensed
business (unless the business is sold with property)
A full-time graduate student enrolled in a FREC-approved degree program,
Any person, partnership or corporation which for another, for compensation
rents or advertises for rent transient occupancy; or any public lodging
establishment licensed under another section.
The services of Real estate may be remembered using a BARE SALAD
Mnemonic - CORRECT ANSWERS-Buying,
Appraising,
Rental Management,
Exchanging,
Selling,
Advertising,
Leasing,
Auctioning,
Discussing sale or leasing details.
There are Six Major Real Estate Property Types: - CORRECT ANSWERS-
Residential property - a family home that is 4 units or less, or vacant land
that has been zoned for 4 units or less.
Commercial property - income producing property - retail center or an
apartment (4+ units)
Industrial property - usually manufactures or distributes products
Agricultural property - a farm or ranch land 10+ acres.
Business opportunity - an investor purchasing an income producing business.
Special Purpose property - schools, churches, nursing homes, post offices
and hospitals.
property manager is defined as - CORRECT ANSWERS-the professional who
preserves the value of an investment (by an owner) while generating income
as an agent for the owner and acts as a fiduciary to the owner.
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