Frec 4 - Study guides, Class notes & Summaries

A buyers market is when supply is ______and demand is _______. - A buyers market is when supply is high and demand is low. A comparable sold for $545,000. Compared to the subject, the comparable has a better build quality (50,000) and the comparable is larger (35,000). What is the adjusted sale price of the comparable. - Build Quality - 50,000 CBS Larger - $35,000 CBS $545,000 - $50,000 - $35,000= $460,000 A complaint that alleges a licensee violated Florida Statute or FREC rule would ...

GOLD COAST REAL ESTATE EXAM Farming when a licensee focuses on one type or style of property or one particular neighborhood farm area target market; one of the best ways to succeed in real estate Areas of expert knowledge required for all real estate licensees 1. Property Transfer 2. Valuation and Market Conditions 3. Marketing (consider MLS; Multiple Listing Service) Residential Transaction F.S 475 The sale of any improved residential property of 4 units or fewer. Unimpr...

Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...

A $1.5 billion agency regulating one million professionals and businesses across some 200 licensee categories in Florida is: -:- The Florida Department of Business and Professional Regulation. Who elects the Chairperson of the FREC? -:- The FREC Members What is the primary mission of FREC? -:- To protect the public Nelson just received his Florida license. Which of the following will NOT be on the license? -:- An Equal Housing Opportunity Logo Broker Norman failed to display an off...

Gold Coast Real Estate Exam with Verified Answers Farming - answerwhen a licensee focuses on one type or style of property or one particular neighborhood farm area - answertarget market; one of the best ways to succeed in real estate Areas of expert knowledge required for all real estate licensees - answer1. Property Transfer 2. Valuation and Market Conditions 3. Marketing (consider MLS; Multiple Listing Service) Residential Transaction - answerF.S 475 The sale of any improved resident...

When did Florida pass its first Real Estate Law? → 1923 When was the FREC created? → 1926 What is the purpose of the FREC? → protect the public What is the DBPR? → Department of Business and Professional Regulation 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 DRE? → Division of Real Estate What is the Divisi...

Gold Coast RE 1001 Cram, Practice Math and Final Exam Questions and Answers 100% Pass 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage -Answer-D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...

Florida Real Estate License Law Questions and Answers 100% Pass Chapter 475 - Correct Answer ️️ -Real Estate License Law 1. Real Estate Brokerage 2. Appraisal 3. Commercial Sales Lien Rights 4. Commercial Leasing Lien Rights Chapter 455 - Correct Answer ️️ -Regulation of Business and Professions. Defines general practices and procedures of DBPR, including unlicensed practice of real estate. FS 120 - Correct Answer ️️ -Licensing and disciplinary procedures for real estate li...

GOLD COAST REAL ESTATE EXAM Farming when a licensee focuses on one type or style of property or one particular neighborhood farm area target market; one of the best ways to succeed in real estate Areas of expert knowledge required for all real estate licensees 1. Property Transfer 2. Valuation and Market Conditions 3. Marketing (consider MLS; Multiple Listing Service) Residential Transaction F.S 475 The sale of any improved residential property of 4 units or fewer. Unimpr...