Papersbylydia

Absentee Owner - ANSWER An owner who does not reside on the property and who usually relies on a property manager to supervise the real estate Agricultural, 10 - ANSWER ___ property is defined in Florida license law to mean agricultural property of more than __ acres. Appraisal - ANSWER The process of estimating the value of real property; a supported, defended estimate of the value of real property as of a specific date. may not - ANSWER A written opinion of the value of real property....

In which area of brokerage has absentee ownership increased the demand? - ANSWER Property management How is a real estate appraiser typically paid? - ANSWER A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve - ANSWER A subdivision plat map What is it called when a developer gives the land to a government body - ANSWER Dedication What business is a licensee engaged in who markets, leases and maintains property for so...

A Business Broker - ANSWER Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - ANSWER Keeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is called - ANSWER Custom Building A builder purchases several vacant lots in an established residential s...

When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - ANSWER the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the following is true regarding the Florida RE commission? - ANSWER Two members do not have to have a Florida Real Estate license The Fair Housing Act prohibits discrimination based on - ANSWER Race, color,...

Absentee Owner - ANSWER A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title - ANSWER A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the condition of title (a history of title) Acceleration Clause - ANSWER A condition in a loan contract that permits the lender to require immediate repayment of the entire loan balance of the loan if ...

Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - ANSWER $1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acres Pam owns. She has been driving down the roadway almost every da...

Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REALTOR - ANSWER All REALTORS are members of the National Association of REALTORS (NAR) The term follow up refers to...? - ANSWER what a sales associate does for buyers and sellers after the sale E...

The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law - ANSWER D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a sale associate or broker associate D.allows a ...

Owners that buy income properties as investments and depend on professionals to manage them - ANSWER Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - ANSWER CMA -Comparative Market Analysis... A contractor is employed by an owner of land to build on that land to the owner's specifications - ANSWER Custom Building When a contractor builds on his own land with the hope of locating a purchaser after construction has...

What are the five Principles of Patrolling? -ANSWER - Planning, Reconnaissance, Security, Control, Common Sense Troop Leading Procedures (TLP'S) -ANSWER - Receive the Mission - Issue the WARNO - Make a tentative Plan - Initiate Movement - Conduct Reconnaissance - Complete The plan - Issue the Order - Supervise/Refine The five Paragraphs of an Operations Order (OPORD) -ANSWER - Situation - Mission - Execution - Sustainment (formerly Service & Support) - Command & Control (former...