Flo rida Real Estate Principles
Study this set o nline at: https://www.cram.co m/flashcards/flo rida-real-estate-
principles-120 3529 4
W h a t i s t h e nu mb e r d i re c t l y
#3 i s di rectl y bel ow #34
b e l o w #34 ?
3 Areas
H ow many di f f erent expert i nf ormati on areas does Real E state prof essi onal s Knowl edge of property transf er
provi de and what are they? Knowl edge of market condi ti on
Knowl edge of how to market real estate and busi nesses
______ i s the busi ness of bri ngi ng together buyers and sel l ers, owners and renters,
Real E state Brokerage
and of compl eti ng real estate transacti ons
What are the f i ve maj or sal es speci al ti es real estate sal es associ ates i nvol ved i n
Resi denti al , Commerci al , I ndustri al , Agri cul tural and Busi nesses
sal es and l easi ng of ten speci al i z e i n?
, Flo rida Real Estate Principles
Study this set o nline at: https://www.cram.co m/flashcards/flo rida-real-estate-
principles-120 3529 4
_____ ref ers to a sel ected and l i mi ted geographi c area to whi ch a sal es
F arm area.
associ ate devotes speci al attenti on and study. ______ i nvol ves experti se i n
T arget marketi ng
l ocati ng prospects.
_____ i s what a sal es associ ate does f or buyers and sel l ers af ter the sal e. F ol l ow-up
_____ i s a prof essi onal servi ce conducted by a person or company hi red to
mai ntai n and manage property on behal f of property owners. I t typi cal l y i nvol ves Property management
l easi ng, managi ng, marketi ng and mai ntenance of property.
Property owner's l ocal representati ve who i s responsi bl e f or mai ntai ni ng the
Property manager
property and managi ng the expenses.
, Flo rida Real Estate Principles
Study this set o nline at: https://www.cram.co m/flashcards/flo rida-real-estate-
principles-120 3529 4
Property owners who dose not resi de on the property and who of ten rel i es on a
Absentee owner
prof essi onal property manager to mange the i nvestment
T he f i el d of property management has experi enced rapi d growth and
absentee ownershi p
speci al i z ati on, pri mari l y because of the i ncrease i n ________.
A ________ must hol d a CAM l i cense when the communi ty associ ati on consi sts of
communi ty associ ati on manager
more than 10 uni ts or has an annual budget i n excess of $100,000.
T he process of devel opi ng and communi cati ng an esti mate of a property's val ue Apprai sal
, Flo rida Real Estate Principles
Study this set o nline at: https://www.cram.co m/flashcards/flo rida-real-estate-
principles-120 3529 4
Who regul ates state-certi f i ed and l i censed apprai sers? F RE AB - T he F l ori da Real E state Apprai sal Board
Who can prepare an apprai sal that i nvol ves a f ederal l y rel ated transacti on? Onl y a state-certi f i ed or l i censed apprai ser
A set of gui del i nes (standards of practi ce) to f ol l ow when conducti ng apprai sal
servi ces. F l ori da l aw requi res apprai sers and real estate brokers and sal es Uni f orm Standards of Prof essi onal Apprai sal Practi ce (USPAP)
associ ates to abi de by thi s when conducti ng apprai sal s of real property.
Real estate l i censees may hel p potenti al sel l ers determi ne an aski ng pri ce by
comparati ve market anal ysi s (CM A)
prepari ng a _____.
Study this set o nline at: https://www.cram.co m/flashcards/flo rida-real-estate-
principles-120 3529 4
W h a t i s t h e nu mb e r d i re c t l y
#3 i s di rectl y bel ow #34
b e l o w #34 ?
3 Areas
H ow many di f f erent expert i nf ormati on areas does Real E state prof essi onal s Knowl edge of property transf er
provi de and what are they? Knowl edge of market condi ti on
Knowl edge of how to market real estate and busi nesses
______ i s the busi ness of bri ngi ng together buyers and sel l ers, owners and renters,
Real E state Brokerage
and of compl eti ng real estate transacti ons
What are the f i ve maj or sal es speci al ti es real estate sal es associ ates i nvol ved i n
Resi denti al , Commerci al , I ndustri al , Agri cul tural and Busi nesses
sal es and l easi ng of ten speci al i z e i n?
, Flo rida Real Estate Principles
Study this set o nline at: https://www.cram.co m/flashcards/flo rida-real-estate-
principles-120 3529 4
_____ ref ers to a sel ected and l i mi ted geographi c area to whi ch a sal es
F arm area.
associ ate devotes speci al attenti on and study. ______ i nvol ves experti se i n
T arget marketi ng
l ocati ng prospects.
_____ i s what a sal es associ ate does f or buyers and sel l ers af ter the sal e. F ol l ow-up
_____ i s a prof essi onal servi ce conducted by a person or company hi red to
mai ntai n and manage property on behal f of property owners. I t typi cal l y i nvol ves Property management
l easi ng, managi ng, marketi ng and mai ntenance of property.
Property owner's l ocal representati ve who i s responsi bl e f or mai ntai ni ng the
Property manager
property and managi ng the expenses.
, Flo rida Real Estate Principles
Study this set o nline at: https://www.cram.co m/flashcards/flo rida-real-estate-
principles-120 3529 4
Property owners who dose not resi de on the property and who of ten rel i es on a
Absentee owner
prof essi onal property manager to mange the i nvestment
T he f i el d of property management has experi enced rapi d growth and
absentee ownershi p
speci al i z ati on, pri mari l y because of the i ncrease i n ________.
A ________ must hol d a CAM l i cense when the communi ty associ ati on consi sts of
communi ty associ ati on manager
more than 10 uni ts or has an annual budget i n excess of $100,000.
T he process of devel opi ng and communi cati ng an esti mate of a property's val ue Apprai sal
, Flo rida Real Estate Principles
Study this set o nline at: https://www.cram.co m/flashcards/flo rida-real-estate-
principles-120 3529 4
Who regul ates state-certi f i ed and l i censed apprai sers? F RE AB - T he F l ori da Real E state Apprai sal Board
Who can prepare an apprai sal that i nvol ves a f ederal l y rel ated transacti on? Onl y a state-certi f i ed or l i censed apprai ser
A set of gui del i nes (standards of practi ce) to f ol l ow when conducti ng apprai sal
servi ces. F l ori da l aw requi res apprai sers and real estate brokers and sal es Uni f orm Standards of Prof essi onal Apprai sal Practi ce (USPAP)
associ ates to abi de by thi s when conducti ng apprai sal s of real property.
Real estate l i censees may hel p potenti al sel l ers determi ne an aski ng pri ce by
comparati ve market anal ysi s (CM A)
prepari ng a _____.
