45 Hour Post License Florida
Study online at https://quizlet.com/_2edpv8
1. Farming Concentrating on one type
of style of property or on
one particular neighbor-
hood
2. A residential transaction os defined in F.S. 475 as the - Duplex
sale of any: - improved residential
property of four units or
fewer, including condo-
minium units
-unimproved property in-
tended for four units or
fewer
- agricultural properties of
ten acres or less
- leases with options to
purchase all or a portion
of improved property of
four or fewer residential
units
- dispositions of business
interests for property of
four or fewer residential
units
3. absentee owners owners who buy income
property as investments
and depend on profes-
sionals to manage them
4.
, 45 Hour Post License Florida
Study online at https://quizlet.com/_2edpv8
All appraisals, whether performed by a licensed ap- Uniform Standards of Pro-
praiser or a real estate licensee, must be developed fessional Appraisal Prac-
and reported in conformity with the tice (USPAP)
5. The largest and most prestigious real estate organiza- 1. The National Associa-
tion in the world is ________. They work for legislation tion of Realtors (NAR)
enforce professional standards of conduct through its 2. Code of Ethics
________.
6. The largest trade association in the state is _________ The Florida Association of
Realtors (FAR)
7. The duties required by the Code of Ethics are: 1. Duties to clients and
customers
2. Duties to the public in
general
3. Duties to other real es-
tate licensees
8. Required Skills for the Real estate professional are: 1. Valuation - Must be able
to discern important dif-
ferences between prop-
erties and know ho to
translate those differences
into value. Must be able to
conduct a CMA.
2. Marketing - must have
an understanding of the
tools and technologies
available to market a
property.
3. Property Transfer - un-
, 45 Hour Post License Florida
Study online at https://quizlet.com/_2edpv8
derstand how to close a
transaction
9. Mission Statement description of a desired
outcome that excites, mo-
tivates, and helps you to
create a mental picture of
your business goal.
10. Industrial Sales or Leasing include warehouses and
manufacturing facilities.
Industrial sales and leas-
ing generally involve
user/owners, rather than
investors.
11. The law that specifically regulates real estate li- F.S. 475
censees, schools, and appraisers is _________
12. The Range Of Penalties for disobeying FS 475 or 455 Reprimand, fine, proba-
from lowest to highest is: tion, suspension, and re-
vocation or denial.
13. Which is the maximum penalty for disobeying laws Revocation or denial of li-
under FS 455 or FS 475 cense
14. If the licensee does not complete the 45 hour course void and the licensee will
before the expiration date of their first renewal, the be out of business. (have
license becomes ____ to start over everything)
15. When a sales associate changes employers, they must 10
notify the Commission of the change no later than
Study online at https://quizlet.com/_2edpv8
1. Farming Concentrating on one type
of style of property or on
one particular neighbor-
hood
2. A residential transaction os defined in F.S. 475 as the - Duplex
sale of any: - improved residential
property of four units or
fewer, including condo-
minium units
-unimproved property in-
tended for four units or
fewer
- agricultural properties of
ten acres or less
- leases with options to
purchase all or a portion
of improved property of
four or fewer residential
units
- dispositions of business
interests for property of
four or fewer residential
units
3. absentee owners owners who buy income
property as investments
and depend on profes-
sionals to manage them
4.
, 45 Hour Post License Florida
Study online at https://quizlet.com/_2edpv8
All appraisals, whether performed by a licensed ap- Uniform Standards of Pro-
praiser or a real estate licensee, must be developed fessional Appraisal Prac-
and reported in conformity with the tice (USPAP)
5. The largest and most prestigious real estate organiza- 1. The National Associa-
tion in the world is ________. They work for legislation tion of Realtors (NAR)
enforce professional standards of conduct through its 2. Code of Ethics
________.
6. The largest trade association in the state is _________ The Florida Association of
Realtors (FAR)
7. The duties required by the Code of Ethics are: 1. Duties to clients and
customers
2. Duties to the public in
general
3. Duties to other real es-
tate licensees
8. Required Skills for the Real estate professional are: 1. Valuation - Must be able
to discern important dif-
ferences between prop-
erties and know ho to
translate those differences
into value. Must be able to
conduct a CMA.
2. Marketing - must have
an understanding of the
tools and technologies
available to market a
property.
3. Property Transfer - un-
, 45 Hour Post License Florida
Study online at https://quizlet.com/_2edpv8
derstand how to close a
transaction
9. Mission Statement description of a desired
outcome that excites, mo-
tivates, and helps you to
create a mental picture of
your business goal.
10. Industrial Sales or Leasing include warehouses and
manufacturing facilities.
Industrial sales and leas-
ing generally involve
user/owners, rather than
investors.
11. The law that specifically regulates real estate li- F.S. 475
censees, schools, and appraisers is _________
12. The Range Of Penalties for disobeying FS 475 or 455 Reprimand, fine, proba-
from lowest to highest is: tion, suspension, and re-
vocation or denial.
13. Which is the maximum penalty for disobeying laws Revocation or denial of li-
under FS 455 or FS 475 cense
14. If the licensee does not complete the 45 hour course void and the licensee will
before the expiration date of their first renewal, the be out of business. (have
license becomes ____ to start over everything)
15. When a sales associate changes employers, they must 10
notify the Commission of the change no later than
