Florida Real Estate Exam 2023 With Complete Solutions

Owners that buy income properties as investments and depend on professionals to manage them - Correct answer-Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - Correct answer-CMA -Comparative Market Analysis... A contractor is employed by an owner of land to build on that land to the owner's specifications - Correct answer-Custom Building When a contractor builds on his own land with the hope of locating a purchaser after construction has been completed - Correct answer-Speculative building A developer that acquires a large that aquires a large tract of land and builds a model center from which sales may be made - Correct answer-tract building Property management has grown as a service of real estate primarily bc of an increase of _______ _________ - Correct answer-Absentee Ownership The category of construction that applies when a property owner employs a contractor to build on his or her lot is called________ ___________ - Correct answer-Custom Building A Real Estate appraiser's fee for professional service is based on: a. a percentage of the property's gross income b. a percentage of the fair market value c. the time and difficulty of the appraisal d. a percentage of property's sales - Correct answer-C. the time and difficulty of the appraisal A developer contracts to build a home on a buyer's lot to the buyer's specifications. This is an example of which type of building: a. tract b. custom c. speculative d. subdivision - Correct answer-b. custom A Florida Real Estate lisence is required when anyone performs a service is specified underF.S. 475 when all the following conditions are simultaneously present, unless that individual is otherwise exempt under the law: - Correct answer-1. Preforming a service of real estate 2. In the state of Florida 3. For another 4. For compensation _________ has been defined to include anything or any service of Value paid, recieved or expected to be paid or recieved. - Correct answer-Compensation The postlicense educational course for sales associate consists of ________ hours - Correct answer-45