Caveat emptor - Study guides, Class notes & Summaries

What is the Mission of the Department? - ️️to ensure that professions and businesses provide quality services for the health, safety and welfare of citizens and visitors in the great state of Florida What is the Division Responsible for? - ️️Protects the public by regulating real estate and appraisal licensees examination, licensing and regulation verify the integrity of real estate salespersons and brokers by providing investigation and support to areas of complaints by consumers...

Chapter 8: Corporate Strategy: Vertical Integration and Diversification - ANSWER Corporate Strategy - ANSWERThe decisions that senior management makes and the goal-directed actions it takes to gain and sustain competitive advantage in several industries and markets simultaneously 1. In what stages of the industry value chain should the company participate (vertical integration)? 2. What range of products and services should the company offer (diversification)? 3. Where should the com...

Risk the chance of financial loss to which an object of insurance is exposed Speculative Risk possibility of financial loss or gain Pure Risk Chance of financial loss, no gain Insurance undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of insurance may be exposed or to pay a sum of money or other ting of value upon the happening of a certain event Contract an agreement between two or more perso...

Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers Already Passed A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is: A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. notify the borrower C. notify the principals D. write a personal check for $4,500 to cover the shortage C. notify the principals Both principals (the buyer and the seller) are parties to the escrow instr...

McKissock Learning - Basic Appraisal Principles Questions and answers Graded A+ "A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property A The public restric...

ROCKWELL FINAL EXAM/ REAL ESTATE CLASSES WA FINAL EXAM 1 WITH CORRECT DETAILED ANSWERS AND RATIONALES/100% VERIFIED AND GRADED A+ A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - answer-b. bill of sale Rationale: Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receiv...

McKissock Liberty University -McKissock Learning - Basic Appraisal Principles fully solved"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - cor...

(AAERT TEST) LATIN TERMINOLOGY WITH COMPLETE SOLUTIONS(Graded A+).ad hoc - ANSWER-for this purpose only ab ovo - ANSWER-from the egg - at the beginning, from the start ad curiam - ANSWER-to (at) court ad infinitum - ANSWER-to infinity - without limit, indefinitely ad litem - ANSWER-to the suit - for the purposes of a lawsuit, pending a lawsuit: A guardian ad litem is appointed to act on behalf of an incompetent. ad nauseam - ANSWER-to the point of inducing nausea NOTE: It is NOT ...

Florida Real Estate Exam / Florida Real Estate Exam 2024 - 2025 with 100% correct answers GRADED A+ Samuel wants to do a 1031 exchange. 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? - ANS-a. 180 b. 30 c.45 d.60 a. He has 45 days to identify a property he would like to purchase and 180 days to close on it, from time of sale. In which for...

General Lien (also Statatory) - correct answer attaches to all the property of the debtor, not exempt from forced sale (Example: a judgment or IRS lien) Diplomacy - correct answer the ability to handle clients and situations in a sensitive and effective way - is critical in commercial real estate, and a lack of it can expose you immediately as a beginner. DTPA - correct answer The Deceptive Trade Practices Act (DTPA) is a Texas law that was passed in 1973. It allows an aggrieved consumer to...