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Actual Florida Real Estate Exam Study Q-Bank Updated Questions Answered Correctly 98% Scored

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Actual Florida Real Estate Exam Study Q-Bank Updated Questions Answered Correctly 98- Scored.

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Actual Florida Real Estate Exam Study Q-Bank
Updated Questions Answered Correctly 98%
Scored

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Practice questions for this set


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b. custom



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A developer contracts to build a home on a buyer's lot to the buyer's
specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision

, The seal of a Notary public, called an __________, should not be confused w/ the
2
word "seal" as used in connection with contract law.




_________ has been defined to include anything or any service of Value paid, recieved
3
or expected to be paid or recieved.




4 2 ways to Own



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Terms in this set (140)


Owners that buy income Absentee Owners
properties as
investments and depend
on professionals to
manage them

a Value estimated based CMA -Comparative Market Analysis...
on resent sales of similar
properties in the same
neighborhood, not an
appraisal

A contractor is Custom Building
employed by an owner
of land to build on that
land to the owner's
specifications

,When a contractor Speculative building
builds on his own land
with the hope of
locating a purchaser
after construction has
been completed

A developer that tract building
acquires a large that
aquires a large tract of
land and builds a model
center from which sales
may be made

Property management Absentee Ownership
has grown as a service
of real estate primarily
bc of an increase of
_______ _________

The category of Custom Building
construction that applies
when a property owner
employs a contractor to
build on his or her lot is
called________ ___________

, A Real Estate appraiser's C. the time and difficulty of the appraisal
fee for professional
service is based on:
a. a percentage of the
property's gross income
b. a percentage of the
fair market value
c. the time and difficulty
of the appraisal
d. a percentage of
property's sales

A developer contracts to b. custom
build a home on a
buyer's lot to the buyer's
specifications. This is an
example of which type
of building:
a. tract
b. custom
c. speculative
d. subdivision

A Florida Real Estate 1. Preforming a service of real estate
lisence is required when 2. In the state of Florida
anyone performs a 3. For another
service is specified 4. For compensation
under
F.S. 475 when all the
following conditions are
simultaneously present,
unless that individual is
otherwise exempt under
the law:

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