COLIBRI FL REAL ESTATE LICENSE CH. 1|160 COMPLETE
QUESTIONS WITH 100% RATED EXPERT SOLUTIONS |2026 LATEST
UPDATED
Appraisal - (answer)An estimation of value.
It is done by appraisers using specific techniques.
Done to: obtain a loan, insurance value, divorce settlement or capital gain.
Broker Price Opinion - (answer)An opinion by a local expert of the of the value of a property
based upon properties recently sold in the market.
Comparative Market Analysis (CMA) - (answer)A method of valuing homes that looks not only
at recent home sales, homes in the market and homes that were listed but did not sell.
Real estate brokers use special computer programs, such as the MLS, usually connected to local
taxing and recording offices to obtain this information.
Steps for land development - (answer)1. Land acquisition
2. Approval by local authorities
3. Subdivision plat map
, 4. Recording
5. Construction
Types of Residential Home Construction - (answer)1. "Spec" homes
2. Tract homes
3. Custom home
"Spec" homes - (answer)speculation homes, built without having a specific buyer in mind.
Tract homes - (answer)built to a certain set of guidelines used for a particular subdivision
Custom home - (answer)built for a specific buyer, usually using an architect and drawings that
the buyer has formulated.
Which is the most important issue for a broker acting as a property manager to accomplish? -
(answer)To get maximum income while preserving the value of the investment
What percent o the nation's economy does real estate make up? - (answer)25%
QUESTIONS WITH 100% RATED EXPERT SOLUTIONS |2026 LATEST
UPDATED
Appraisal - (answer)An estimation of value.
It is done by appraisers using specific techniques.
Done to: obtain a loan, insurance value, divorce settlement or capital gain.
Broker Price Opinion - (answer)An opinion by a local expert of the of the value of a property
based upon properties recently sold in the market.
Comparative Market Analysis (CMA) - (answer)A method of valuing homes that looks not only
at recent home sales, homes in the market and homes that were listed but did not sell.
Real estate brokers use special computer programs, such as the MLS, usually connected to local
taxing and recording offices to obtain this information.
Steps for land development - (answer)1. Land acquisition
2. Approval by local authorities
3. Subdivision plat map
, 4. Recording
5. Construction
Types of Residential Home Construction - (answer)1. "Spec" homes
2. Tract homes
3. Custom home
"Spec" homes - (answer)speculation homes, built without having a specific buyer in mind.
Tract homes - (answer)built to a certain set of guidelines used for a particular subdivision
Custom home - (answer)built for a specific buyer, usually using an architect and drawings that
the buyer has formulated.
Which is the most important issue for a broker acting as a property manager to accomplish? -
(answer)To get maximum income while preserving the value of the investment
What percent o the nation's economy does real estate make up? - (answer)25%
