Florida Real Estate Chapter 1 Review Questions and Answers 100% Pass

Florida Real Estate Chapter 1 Review Questions and Answers 100% Pass Sales Associate License Qualifications (F.S. 475.17) - Correct Answer ️️ --18 Years of Age -High school diploma -Honest, Trustworthy, of good character and have a reputation for fair dealing -Does NOT have to be a Florida resident or U.S. citizent Custom Building - Correct Answer ️️ -Building to the owner's specifications. Farming - Correct Answer ️️ -Specializing in one type or style of property, or in a particular neighborhood. Appraising - Correct Answer ️️ -The art of estimating value of property, where the fee is based on the time, expense and difficulty resulting in a non-biased defensible opinion of value. Property Management - Correct Answer ️️ -Managing property for absentee owners by maximizing profits and preserving the property. Florida Statute 475 - Correct Answer ️️ -The Florida statute designated as "The Real Estate License Law." Local Government Regulations - Correct Answer ️️ -Planning, zoning, real estate taxes building and health codes. State Government Regulations - Correct Answer ️️ -Roads, waterways, state documentary taxes on all property transfers. Federal Government Regulations - Correct Answer ️️ -National monetary supply, legislation affecting lending institutions. Dedication - Correct Answer ️️ -When a developer conveys the streets and sidewalks in a subdivision to the city. Tract Building - Correct Answer ️️ -Developers utilizing model homes to make sales from. Speculative Building - Correct Answer ️️ -A contractor builds on his