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Real Estate Business - ANSWERSIs 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 - ANSWERSIs 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)*** - ANSWERS***Follow Up...

Real estate buisness - ANSWERSDevelopment, construction, sale, purchase appraisal, insurance, property management, investment, counseling, financing. Real estate License - ANSWERSOne who has met requirements of law + permitted to perform services for others related to R/E transactions. Real estate professional's 3 areas of expertise - ANSWERSValuation, Marketing; and property Transfer. Specialization - ANSWERSResidential sales- Licensees may concentrate on one type or style or on one...

Which statement is TRUE concerning radon? - ANSWERSTwo homes next door to each other may have very different levels of radon. Hazel's brokerage firm has an annual expense budget of $162,000 that includes her own salary. She wants to make $20,000 profit. If she has seven sales associates, what must each sales associate generate in company dollars for Hazel to achieve her goal? - ANSWERSThe answer is $26,000. Required revenue is $182,000. ($20,000 + $162,000). Each sales associate must bring...

Which of the following statements is true concerning continuing education? A. If a licensee does not complete the required post licensing education before the expiration date, the status of the license will be involuntary inactive B. Only actively licensed sales associates are required to complete the 14 hours of continuing education C. Actively licensed and inactively licensed sales associates must complete the 14 hours of continuing education D. A licensee can stay involuntary inactive f...

Raising the professional and ethical standards of real estate licensees is one goal of the - ANSWERSNational Association of Realtors. Karen's sales specialty involves the knowledge of regulated land use, environmental considerations, transportation, labor costs and utility charges. Her field of specialty is - ANSWERSindustrial. A property manager generally does all of these except - ANSWERSrepresentation of the tenant. USA Bank contacted Aubrey, a sales associate with Blue Skies Real...

A man can borrow $203,000 to purchase a house, and this is 3.5 times his salary. What is his annual salary? - ANSWERSb, 203,000 / 3.5 = 58,000 What is the gross rent multiplier of a property that sold for $600,000 and rents for $60,000 annually? - ANSWERSa , Gross rent multiplier formula is sales price / monthly rent. This problem gives us annual rent. We must first divide the 60,000 by 12 to get the monthly rent. 60,000 / 12 = 5,000. Then we use the formula: 600,000 / 5,000 = 120 A buyer ...

Where are the rules of the Florida Real Estate Commission Found? A. F.S. 455 B. F.S. 475 C. F.A.C. 61J2 D. F.A.C. 62Q1 (chapter 3, DBPR) - ANSWERSC. F.A.C 61J2 Which of the following individuals must have a real estate license to perform the action specified? A. An attorney at law when performing his or her normal duties B. An attorney-in-fact when executing conveyances and contracts C. A salaried apartment manager who leases units for more than 1 year. D. A mobile home park mana...

The respondent in a complaint has how many days in which to file an appeal to the final order issued by the Florida Real Estate Commission? a. Seven b. Ten c. Fourteen d. Thirty - ANSWERSD In order to renew an initial broker license, a broker must: I. Take fourteen hours of continuing education II. Complete the proper form and pay the required fee III. Successfully complete sixty hours of post licensing course during his or her initial issue of licensing IV. Pay proper fee only, s...

When did Florida pass its first Real Estate Law? - ANSWERS1923 When was the FREC created? - ANSWERS1926 What is the purpose of the FREC? - ANSWERSprotect the public What is the DBPR? - ANSWERSDepartment of Business and Professional Regulation What is the Mission of the Department? - ANSWERSto ensure that professions and businesses provide quality services for the health, safety and welfare of citizens and visitors in the great state of Florida What is the DRE? - ANSWERSDivision of...

Farming - ANSWERSConcentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - ANSWERS- Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units - dispositions...