45 Hour post liscensing Correct 100% Correct!

Farming - ANSWER one type or style of property or one particular neighborhood residential transaction - ANSWER *fs 475.278 *improved residential prop of 4 or fewer *unimproved prop intended for 4 units *agricultural prop of 10 acres *leases w/ options to purchase all or a portion of improved prop or 4 Industrial sales or lease - ANSWER warehouse and manufacturing timeshare/vacation ownership - ANSWER *condo that is subdivided into ownership time periods. *right to use prop for a period of time = interval ownership *numerous destinations Property Management - ANSWER managing income-producing prop for owners over years. absentee owner - ANSWER owners who buy income producing property as investment Appraising - ANSWER an appraisal that is used in a federally related transactions who is register, licensed or certified under Part II of FS 475 which is administered by the Florida Real Estate Appraisal Board Federally related transaction - ANSWER in which a loan is made by a federally regulated lending institution that uses real property Counseling - ANSWER RE counselors give advice to consumers about prop. Experts = who others seek when they want answers to RE questions about such things as avoiding mortgage foreclosure, dealing w predatory lending, handling rental defaults, finding suitable income opportunities or getting reverse mortgages National Association of Realtors NAR - ANSWER largest and most prestigious RE organizations in the world. NAR works on legislation, enforces professional standards through Code of Ethics. Only members can use trademark of REALTOR. Florida Association of Realtors FAR - ANSWER largest trade association in florida. FAR does all its business as FLORIDA REALTORS Code of Ethics - ANSWER High Ethical Standards in real estate. RE licensees must act in the best of both parties in the transaction NAR - ANSWER Group that.... follow a very strict code of ethics. Code of Ethics, Standards of Practice Golden Rule Code of Ethics - ANSWER Duties to client and customers Duties to the Public Duties to other real estate licensees