This Florida Real Estate Broker Q&A package covers everything from licensing requirements and agency relationships to real estate law, contracts, and ethics. It includes insights on property management, market analysis, financing, marketing, and risk management specific to Florida's market. It also...
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Absentee Owner 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 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 (...
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Add to cartAbsentee Owner 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 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 (...
Bob was appointed by a court to sell an orange grove near Tampa. Bob can: Be compensated for the sale During the week, Jane works for Dolphin Realty, Inc. as a sale associate. On weekends, she holds open house for Grouper Homes and is paid a 2% commission directly by Greg Grouper on any sales she...
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Add to cartBob was appointed by a court to sell an orange grove near Tampa. Bob can: Be compensated for the sale During the week, Jane works for Dolphin Realty, Inc. as a sale associate. On weekends, she holds open house for Grouper Homes and is paid a 2% commission directly by Greg Grouper on any sales she...
What are the three types of residential construction? Tract homes: model homes, buyers pick floorplan from catalog. Custom homes Speculative homes: Homes built with the assumption that buyers will purchase. What is the national association of Realtors? Largest trade association in the world, i...
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Add to cartWhat are the three types of residential construction? Tract homes: model homes, buyers pick floorplan from catalog. Custom homes Speculative homes: Homes built with the assumption that buyers will purchase. What is the national association of Realtors? Largest trade association in the world, i...
John anderson is a licensed real estate sales associate. Under which name may he register and be licensed? John anderson, LLC A sales associate receives a binder deposit from a prospective buyer on Thursday morning. Later that same day the associate gives the binder to his broker. By the end of t...
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Add to cartJohn anderson is a licensed real estate sales associate. Under which name may he register and be licensed? John anderson, LLC A sales associate receives a binder deposit from a prospective buyer on Thursday morning. Later that same day the associate gives the binder to his broker. By the end of t...
Business Broker Someone who specializes in selling businesses would be referred to as? Spec Homes Beginning construction on homes without having secured any buyers is referred to as what type of constrcution? Commercial Leases Florida Statute 475 Part IV allows a broker to place a lien for...
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Add to cartBusiness Broker Someone who specializes in selling businesses would be referred to as? Spec Homes Beginning construction on homes without having secured any buyers is referred to as what type of constrcution? Commercial Leases Florida Statute 475 Part IV allows a broker to place a lien for...
What are the two applicant agendas? Which is a nonappearance agenda and which is an appearance agenda? Consent agenda (nonappearance) and Summary of Applicant (SOA, applicant appearance agenda) What is the time period allowed for the DBPR to check an application for errors and omissions? 30 days ...
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Add to cartWhat are the two applicant agendas? Which is a nonappearance agenda and which is an appearance agenda? Consent agenda (nonappearance) and Summary of Applicant (SOA, applicant appearance agenda) What is the time period allowed for the DBPR to check an application for errors and omissions? 30 days ...
A suit for specific performance or Buyer gets deposit returned, but, not both Which remedies are available when a seller breaches a contract? Right of redemption What term refers to the right of a mortgagor to stop a foreclosure process by paying the entire balance, interest, and so on? Purcha...
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Add to cartA suit for specific performance or Buyer gets deposit returned, but, not both Which remedies are available when a seller breaches a contract? Right of redemption What term refers to the right of a mortgagor to stop a foreclosure process by paying the entire balance, interest, and so on? Purcha...
The _______________________ determines monetary policy in the U. S. by controlling the availability of money. Federal Reserve System The Homestead Act was passed primarily to exempt property from forced sale A sales associate authorized to negotiate a sale of property has the authority to work...
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Add to cartThe _______________________ determines monetary policy in the U. S. by controlling the availability of money. Federal Reserve System The Homestead Act was passed primarily to exempt property from forced sale A sales associate authorized to negotiate a sale of property has the authority to work...
How to market real estate and business The three areas of expertise that real estate licensees bring to the transaction - Knowledge of Residential Commercial Industrial Agricultural
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Add to cartHow to market real estate and business The three areas of expertise that real estate licensees bring to the transaction - Knowledge of Residential Commercial Industrial Agricultural
Brokers who list and sell smaller businesses are business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a subdivision plat map. Investors who don't live on the properties they own are absent...
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Add to cartBrokers who list and sell smaller businesses are business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a subdivision plat map. Investors who don't live on the properties they own are absent...
Absentee ownership has increased the demand for which area of brokerage? Commercial sales What is a real estate appraiser paid? A fee based upon how time and difficulty of the appraisal What does the local planning agency have the authority to approve? A subdivision plat map what is it call...
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Add to cartAbsentee ownership has increased the demand for which area of brokerage? Commercial sales What is a real estate appraiser paid? A fee based upon how time and difficulty of the appraisal What does the local planning agency have the authority to approve? A subdivision plat map what is it call...
1. What was the significance of the 1968 Jones v. Mayer Supreme Court ruling? (a) Handicap and familial status protections were added. (b) Certain exemptions were upheld for racial discrimination. (c) Discrimination based on race was strictly prohibited, preventing exceptions of any kind. (d)...
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Add to cart1. What was the significance of the 1968 Jones v. Mayer Supreme Court ruling? (a) Handicap and familial status protections were added. (b) Certain exemptions were upheld for racial discrimination. (c) Discrimination based on race was strictly prohibited, preventing exceptions of any kind. (d)...
FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party cancels in ...
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Add to cartFHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party cancels in ...
Township A square 6 miles on each side (6 miles square) containing 36 square miles (36 sections); also an (east-west) strip of land north and south of a baseline (tier). Section A square 1 mile on each side (1 mile square) containing 1 square mile (640 acres). Quarter Section One-fourth of a s...
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Add to cartTownship A square 6 miles on each side (6 miles square) containing 36 square miles (36 sections); also an (east-west) strip of land north and south of a baseline (tier). Section A square 1 mile on each side (1 mile square) containing 1 square mile (640 acres). Quarter Section One-fourth of a s...
The scope of a property manager's functions encompasses more than just rent collection, maintenance, and repair. TRUE. A property manager must strive to produce the greatest possible net income over the longest possible time. In doing so, the property manager often needs to develop plans for modern...
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Add to cartThe scope of a property manager's functions encompasses more than just rent collection, maintenance, and repair. TRUE. A property manager must strive to produce the greatest possible net income over the longest possible time. In doing so, the property manager often needs to develop plans for modern...
When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate 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 t...
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Add to cartWhen money is paid out of the RE recovery fund, on behalf of a Florida Real Estate 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 t...
What does the term "farming" refer to in real estate? Specializing in one geographic area A developer contracts to build a home according to the buyer's specifications. This is an example of which type of building? Custom The federal, state, and local governments all play a role in the regu...
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Add to cartWhat does the term "farming" refer to in real estate? Specializing in one geographic area A developer contracts to build a home according to the buyer's specifications. This is an example of which type of building? Custom The federal, state, and local governments all play a role in the regu...
Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor b. The term ...
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Add to cartWhich statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor b. The term ...
A sales associate works underthe direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisalWith a flat fee The product/service that all real estate professionals sell istheir expert knowledge Which area of real estate requires the highest ...
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Add to cartA sales associate works underthe direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisalWith a flat fee The product/service that all real estate professionals sell istheir expert knowledge Which area of real estate requires the highest ...
A comparative market analysis (CMA) with adjustments assumes that adjustments for differences have been made to the comparable property. The point where the business cycle, at its highest point, levels off and begins to fall is called recession A licensed sales associate employs a salaried, un...
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Add to cartA comparative market analysis (CMA) with adjustments assumes that adjustments for differences have been made to the comparable property. The point where the business cycle, at its highest point, levels off and begins to fall is called recession A licensed sales associate employs a salaried, un...
One Acre 43560 sq ft One Mile 5280 feet Township 36 Sections (6m x 6 m) Section 640 acres (1m x 1m) Follow-up what a sales associate does for buyers/sellers after a sale Property Management involves leasing, managing, marketing & maintenance of property CMA Comparative Market Analy...
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Add to cartOne Acre 43560 sq ft One Mile 5280 feet Township 36 Sections (6m x 6 m) Section 640 acres (1m x 1m) Follow-up what a sales associate does for buyers/sellers after a sale Property Management involves leasing, managing, marketing & maintenance of property CMA Comparative Market Analy...
Spec Home a contractor who builds on their own lot in the hope of finding a purchaser upon completion. Residential Transaction The sale of any improved residential property of four units or fewer, unimproved property intended for four unit or fewer, Agricultural properties of ten acres of less,...
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Add to cartSpec Home a contractor who builds on their own lot in the hope of finding a purchaser upon completion. Residential Transaction The sale of any improved residential property of four units or fewer, unimproved property intended for four unit or fewer, Agricultural properties of ten acres of less,...
Joint Ventures is a temporary form of business arrangement often encountered in real estate business. Trade Names is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. Administrative Procedures Act C...
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Add to cartJoint Ventures is a temporary form of business arrangement often encountered in real estate business. Trade Names is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. Administrative Procedures Act C...
Financial protection against losses as the result of a title defect Title insurance Curling a defect in Title to Real Estate and/or Real property Quitclaim Deed A business organization that may be registered to broker real estate Limited partnership The Government needs to acquire land from...
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Add to cartFinancial protection against losses as the result of a title defect Title insurance Curling a defect in Title to Real Estate and/or Real property Quitclaim Deed A business organization that may be registered to broker real estate Limited partnership The Government needs to acquire land from...
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 REA...
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Add to cartWhich 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 REA...
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