Florida Real Estate Exam Questions With 100% Correct Answers 2023/2024

Florida Real Estate Exam Questions With 100% Correct Answers 2023/2024 Brokers who list and sell smaller businesses are Correct Answer business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a Correct Answer subdivision plat map. Investors who don't live on the properties they own are Correct Answer absentee owners. Real estate specialists who sell properties close to airports, seaports, and rail sidings work in which sector of the real estate business? Correct Answer Industrial The field of real estate that requires knowledge of financial statements for investment properties, traffic counts, and types of nonresidential property financing is Correct Answer commercial. A real estate licensee who works a "farm area" is usually involved in Correct Answer residential sales and listings. A person who takes applications for a mortgage loan must Correct Answer be licensed as a loan originator by the Florida Office of Financial Regulation. Approximately what percentage of the country's wealth is related to real estate? Correct Answer 75 When a developer deeds the streets and easements to the county government for future maintenance, it is called Correct Answer dedication. When making appraisals, real estate licensees must conform to Correct Answer the Uniform Standards of Professional Appraisal Practice (USPAP). A sales associate who researches the sale prices of properties that sold will learn Correct Answer what the house should appraise for. When a builder builds a house for a specific customer, it is Correct Answer custom building. The most common valuation process used by brokers and sales associates is the preparation of Correct Answer a comparative market analysis (CMA). A bank appraisal must be made by Correct Answer a state-certified or licensed