Gold coast stuvia - Study guides, Class notes & Summaries

Real Estate Brokerage (Ch. 1) -ANSWER A business in which real estate-related activities are performed under the authority of a licensed real estate broker Farming (Ch. 1) -ANSWER concentrating on one type or style of property in one particular area of neighborhood Property Transfer, Valuation & Marketing (Ch. 1) -ANSWER areas of expert knowledge that are required for all real estate licensees Residential Transaction (Ch. 1) -ANSWER F.S 475 The sale of any improved residential property...

upon closing a sales transaction who pays the sales associate their contracted commission? - ANSWER-Employing Broker Home sold for $250k with a garage, a home sold in the area for $230k with no garage. From this information what can you determine the approximate value of the garage is? - ANSWER-$20000 empty - ANSWER- which source will most likely produce the greatest # of potential buyers for a listing? - ANSWER-Putting your listing on the MLS empty - ANSWER- empty - ANSWER- Th...

If the price of a lot $9 per square food how many square feet are contained in a lot that sells for 27000 - ANSWER-3,000 what is the tax levy of a non-homestead property that is as seed at 36000 with a tax rate of 11 mills? - ANSWER-$396 When must a written no brokerage relationship notice be provided to customers? - ANSWER-Before showing homes that are listed Which of the following cannot be used by the federal reserve to change or control tHe money supply - ANSWER-Alter income tax rat...

What is Farming? - ANSWER-Agent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? - ANSWER-Must be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Industrial Sales? (Not needed for commercial sales) - ANSWER-Government Law (Environmental) What is It called when a Developer builds a center in track where sales are made? - ANSWER-Track Building Wha...

what are the the areas a realtor should be an expert in? -ANSWER Marketing Valuation & Market Conditions Property Transfer "MVP" Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? -ANSWER to get a FL real estate license, you don't need to be a citizen What must an applicant for a real estate license do if he has been convicted of a crime? -ANSWER must disclose all convictions Employment -ANSWER an associate can only have one emp...

Farming (Ch. 1) - ANSWER-concentrating on one type or style of property in one particular area of neighborhood Property Transfer, Valuation & Marketing (Ch. 1) - ANSWER-areas of expert knowledge that are required for all real estate licensees Residential Transaction (Ch. 1) - ANSWER-F.S 475 The sale of any improved residential property of 4 units or fewer. Unimproved property intended for 4 units or fewer. Agricultural properties 10 acres or less Tract Building (Ch. 1) - ANSWER-when ...

actual notice -ANSWER own it Constructive notice -ANSWER record something in public records How Is Real Estate Recovery Funded ? -ANSWER by fees & fines Eminent Domain -ANSWER government has right to take away public use citizens can't refuse to sell) immune properties -ANSWER government owned lot & block -ANSWER residential sub-division surgery system Metes and Bounds -ANSWER oldest method of land description & provides the most accurate type of legal descriptions What doe...

what are the the areas a realtor should be an expert in? - ANSWER-Marketing Valuation & Market Conditions Property Transfer "MVP"

1. The real estate market is local in nature what does that mean? - ANSWER-Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

What is the form you sign that says you will pay the loan back ? -ANSWER promissory note What is the post licensing grace period after first expiration ? -ANSWER none Deposits is a form of... -ANSWER valuable consideration Physical land and improvements -ANSWER real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both -ANSWER Yes What is the maximum fine per offense ? -ANSWER $5,000 per fi...