Colibri Chapter 1, 2, 3 questions and answers well illustrated.

Colibri Chapter 1, 2, 3 questions and answers well illustrated. The Knowledge of Property Transfer - - correct deed, will, inheritance or the use of contracts, or trusts. Knowledge of Market Conditions - - correct level of listings on the market, how the property may be financed, how quickly property sells and the value of a property Knowledge of How to Market Real Estate - - correct iques that include proper pricing, disclosure to both the buyer and the seller, service to the buyers and sellers, and maintaining relationships with other real estate professionals. real estate brokerage business brings interested parties together to ... - correct , lease, rent or exchange real property. Real estate professionals often specialize in one particular geographic area or property type. In real estate world, this is known as . - correct answers.Farming Licensee may choose - correct answers.Sales Leasing Management Counseling There are Six Major Real Estate Property Types: - correct answers.Residential property - a family home that is 4 units or less, or vacant land that has been zoned for 4 units or less. Commercial property - income producing property - retail center or an apartment (4+ units) Industrial property - usually manufactures or distributes products Agricultural property - a farm or ranch land 10+ acres. Business opportunity - an investor purchasing an income producing business. Special Purpose property - schools, churches, nursing homes, post offices and hospitals. property manager is defined as - correct professional who preserves the value of an investment (by an owner) while generating income as an agent for the owner and acts as a fiduciary to the owner. Fiduciary is a person ... - correct has a duty to act primarily for another's benefit, four types of maintenance a property manager may be tasked to perform: - correct answers.Preventative Maintenance, Routine Maintenance, Repair Maintenance, and Construction Maintenance. 3 Methods to determine value - correct answers.Appraisal - conducted by appriasers Broker Price Opinion - local expert opinion Comparative Market Analysis - 3 Types of residential contruction - correct answers.Spec homes - inventory Tract homes - built to certain guidelines custom homes - built for a specific buyer There are a variety of professional organizations which also support and endorse the real estate business. The largest is the - correct answers.National Association of REALTORS®, whose Code of Ethics and certification/designations are influential in their goals to protect private property rights, promote home ownership, and lobby to maintain reasonable credit and other standards at the federal level for shelter for everyone. Which is NOT commonly an area of federal government interference in real property? - correct g laws Local communities regulate real estate by - correct ing zoning laws. One example of a Loan Originator would be a(n) - correct r who finances more than two homes in a two year period. 2 years (3 items) - correct answers.1. Time an application remains effective for state exam 2. Time pre-licensure course is effective for state exam 3. Minimum experience time for a sales associate to become a broker 4. months - correct answers.Minimum time for establishing residency in Florida 5 days - correct answers.Minimum timeframe between submitting fingerprints and applying for a license 5 years - correct answers.Time for reapplication allowance after revocation of a license 6 months - correct answers.Time that FDLE will expunge fingerprint background records from their files 10 days - correct answers.Time to notify DBPR/FREC of change of address within Florida 14 hours - correct answers.Continuing Education Requirements after initial Licensing period for renewal 18-24 months (2 items) - correct answers.Time an initial license may be active depending upon the date of authority