FL Real Estate Pre-Licensing Course Vocabulary | 2023/24 with complete solution

FL Real Estate Pre-Licensing Course Vocabulary | 2023/24 with complete solution The various activities of a real estate brokerage include - sales and leasing property management property valuation financing counseling A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment - Absentee Owner A supported, defended estimate of the value of property rights as of a given date - Appraisal The marketing and sale of a going concern operation - Business Opportunity Brokerage (Florida requires that business brokers have a real estate license to market business opportunities) An informal estimate of market value performed by a real estate licensee for the seller to assist in arriving at an appropriate listing price, or if working with the buyer, an informal estimate of market value to assist the buyer in arriving at an appropriate offering price - Comparative Market Analysis A deliberate transfer of land by its owner for public use and accepted for such use by the public - Dedication A selected and limited geographical district to which a sales associate devotes special attention and study - Farm Area A post-closing communication initiated by a licensee to maintain customer contact and goodwill - Follow-Up