Global Scholars’ Resource Hub

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

A Business Broker correct answers Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is correct answers Keeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is called correct answers Custom Building A builder purchases several vacant lots in an esta...

A sales associate works under correct answers the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal correct answers With a flat fee The product/service that all real estate professionals sell is correct answers their expert knowledge Which area of real estate requires the highest degree of expertise? correct answers Counseling Which Florida Administrative Code expands upon the statutory provisions of Chapter 475, Florida St...

When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate correct answers the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the following is true regarding the Florida RE commission? correct answers Two members do not have to have a Florida Real Estate license The Fair Housing Act prohibits discrimination based on correct...

Abstract of tittle correct answers Condensed history of title to real property consisting of a summary of the links in the "chain of title" obtained from documents bearing on the title status. Acceleration Clause correct answers An agreement in a mortgage that the entire unpaid balance of the debt may become due and payable if a borrower defaults on expressed conditions. Accretion correct answers Gradual extension of land caused by natural forces, such as wind, tide, or watercourse deposit...

Absentee Owner correct answers A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title correct answers A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the condition of title (a history of title) Acceleration Clause correct answers A condition in a loan contract that permits the lender to require immediate repayment of the entire loan ba...

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 correct answers $1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acres ...

Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REALTOR correct answers All REALTORS are members of the National Association of REALTORS (NAR) The term follow up refers to...? correct answers what a sales associate does for buyers and sellers after...

The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law correct answers D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a sale associate or broker associate D.al...

Abandonment correct answers A surrender of rights; point when a broker makes no effort to service or sell listed property; failure to perform. Absentee owner correct answers A property holder who does not reside on the property and who usually relies on a property manager to supervise the investment. Abstract of title correct answers Condensed history of title to real property consisting of a summary of the links in the chain of title" extracted from documents bearing on the title status....

Joint Ventures correct answers is a temporary form of business arrangement often encountered in real estate business. Trade Names correct answers is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. correct answers Administrative Procedures Act Chapter 455, F.S. correct answers Regulation of Professional and Occupations Chapter 28, Sections 101-110 correct answers Division of Administrative H...

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

CA Real Estate Exam 2023/2024 Practice (With 100% correct answers) California Real Estate Exam Multiple Choice Questions with correct answers Final Exam A California real estate (With complete solution) Real Estate Salesperson California State Exam (Guaranteed Pass!)

California - Unit 6, Hunter s Ed, Hunters Education Safety Course, California- Unit 5, California- Unit 8, California- Unit 3, California- Unit 3, Cali..., Hunters Course, California - Unit 6, Hunter s Ed, Hunters Education Safety Course, California FSC Study Guide: California Gun Law (A+ GUARANTEED) California Firearm Safety Certificate (June 2023

Which of the following is most vital or important in planning a subdivision: correct answers Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: correct answers Percentage Lease What is not an adequate method of transferring property? correct answers Executive Sale What is considered personal property? correct answers Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization r...

(1) 1. The real estate marketplace could BEST be described as being A. homogeneous B. stratified C. perfect D. uninfluenced by emotion correct answers B. stratified (based on price) (1) 2. Most real estate agents are primarily engaged in which area of activity A. residential property B. raw land and lots C. commercial property D. development correct answers A. residential property (1) 3. The IRS will treat real estate salespeople as independent contractors if 3 criteria are met...

Real Estate Law correct answers Part 1, Sections 10000 to 10580 of the Business and Professions Code Subdivided Lands Law correct answers Part 2, Sections 11000 to 11200 of the Business and Professions Code California Bureau of Real Estate (CalBRE) correct answers A real estate regulatory body that is headed by the Real Estate Commissioner, administers the real estate license laws, handles advertising, funds, clients, and customers Commission's Regulation 2270 correct answers Anyone wh...

All of the following are ways by which an offer to purchase real estate would be terminate, except correct answers Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items correct answers Prepaid rent When a Cal-Vet wishes to purchase a home and use his California veteran's benefit he would make the application to correct an...

(1) 1. The Real Estate Law is found in the a. Licensing Code b. Business and Professions Code c. Health and Safety Code d. Corporations Code correct answers Business and Professions Code (1) 2. The Real Estate Commissioner reports to the a. California Bureau of Real Estate b. governor c. Real Estate Advisory Commission d. legislature correct answers governor (1) 3. Salesperson Sam owns 25% of the outstanding shares of Rollo Realty, Inc., and broker Barbara Rollo owns the rema...

How many square feet in one acre? correct answers There are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? correct answers $332,600 To solve this problem, set up an equation using P for the answer you seek: You know that the seller walked away with $306,000. If the agent was to take 8% of the selling price (P), the...