Florida Real Estate Exam | 140 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 21 Pages

Owners that buy income properties as investments and depend on professionals to manage them - Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - CMA -Comparative Market Analysis... A contractor is employed by an owner of land to build on that land to the owner's specifications - Custom Building When a contractor builds on his own land with the hope of locating a purchaser after construction has been completed - Speculative building A developer that acquires a large that aquires a large tract of land and builds a model center from which sales may be made - tract building Property management has grown as a service of real estate primarily bc of an increase of _______ _________ - Absentee Ownership The category of construction that applies when a property owner employs a contractor to build on his or her lot is called________ ___________ - Custom Building