FLORIDA Real Estate Pre-license Exam Review Correct 100%(Graded A)
Real Estate Business - ANSWER Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - ANSWER Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions. ***How can a agent maintain good standing with clients? (After title closing)*** - ANSWER ***Follow Up. This will result in a good reputation and FUTURE REFERRALS and word-of-mouth advertising.*** What are the 5 major sales specialties? (Types of properties/lots) - ANSWER Residential. (Remember 4-10 Rule: any vacant land zoned for 4 or fewer residential units OR agricultural property of 10 or fewer acres.){A condo is considered a single family home} Commercial. Industrial. Agricultural. Business. (Considered "business brokers." ***Presumption in Florida that businesses include real property***) What is a Farm Area? - ANSWER When brokers/sales associate become an expert in one portion of the city.
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