Florida Real Estate Sales Associate

Brokers who list and sell smaller businesses are business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a subdivision plat map. Investors who don't live on the properties they own are absentee owners. Real estate specialists who sell properties close to airports, seaports, and rail sidings work in which sector of the real estate business? Industrial The field of real estate that re...

What are the three types of residential construction? Tract homes: model homes, buyers pick floorplan from catalog. Custom homes Speculative homes: Homes built with the assumption that buyers will purchase. What is the national association of Realtors? Largest trade association in the world, it promoted ethics and education in the real estate industry. What does Chapter 475.41 of the Florida Statutes state? No contract for commission is valid unless the agent is licensed. In which ch...

Absentee ownership has increased the demand for which area of brokerage? Commercial sales What is a real estate appraiser paid? A fee based upon how time and difficulty of the appraisal What does the local planning agency have the authority to approve? A subdivision plat map what is it called when a developer gives land to a governmental body? Dedication What business is a licensee engaged in who markets, leases and maintains property for someone els? Property management In which ...

A sales associate works underthe direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisalWith a flat fee The product/service that all real estate professionals sell istheir expert knowledge Which area of real estate requires the highest degree of expertise?Counseling Which Florida Administrative Code expands upon the statutory provisions of Chapter 475, Florida Statutes?61J2 After completing the 45-hours post-licensing educatio...

What does the term "farming" refer to in real estate? Specializing in one geographic area A developer contracts to build a home according to the buyer's specifications. This is an example of which type of building? Custom The federal, state, and local governments all play a role in the regulation of real estate. In which of the following area would the LOCAL government have the most impact? Property taxes, building moratoriums, and zoning Real estate licensees are expected to be know...

What are the two applicant agendas? Which is a nonappearance agenda and which is an appearance agenda? Consent agenda (nonappearance) and Summary of Applicant (SOA, applicant appearance agenda) What is the time period allowed for the DBPR to check an application for errors and omissions? 30 days Theft of a license exam or unauthorized copying of an exam is what type of crime? Third degree felony What is a Mutual Recognition Agreement? A written agreement between the FREC and another sta...

The scope of a property manager's functions encompasses more than just rent collection, maintenance, and repair. TRUE. A property manager must strive to produce the greatest possible net income over the longest possible time. In doing so, the property manager often needs to develop plans for modernization, remodeling, or alteration of existing properties. Property managers also are responsible for improving tenant relations, as well as for advertising and merchandising. Real estate professio...

Business Broker Someone who specializes in selling businesses would be referred to as? Spec Homes Beginning construction on homes without having secured any buyers is referred to as what type of constrcution? Commercial Leases Florida Statute 475 Part IV allows a broker to place a lien for unpaid commission on what type of transactions? Reciprocity 22 If a member of the US Armed Forces has a real estate license in another state, Florida must issue them a real estate license. This...

Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor b. The term "follow-up" refers to a. returning calls in a timely manner. b. completing instructions given by one's broker. c. following through on listing calls made to for sale by owners. d. what a sale...

Owners that buy income properties as investments and depend on professionals to manage them - correct answer Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - correct answer CMA -Comparative Market Analysis... A contractor is employed by an owner of land to build on that land to the owner's specifications - correct answer Custom Building When a contractor builds on his own land with the hope of locating a purchase...