Gold Coast Real Estate Exam Bundled (Graded A)

Which statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Professional planners want to cont...

what are the the areas a realtor should be an expert in? - Answer- Marketing Valuation & Market Conditions Property Transfer "MVP" Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? - Answer- to get a FL real estate license, you don't nee...

Tract building - Answer- When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer- Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant rol...

1. The real estate market is local in nature what does that mean? - Answer- Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A....

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broke...

Farming - Answer- licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - Answer- Finding and specializing in a particular neighborhood or type of property. Considered to be one of the best ways to succeed in the real estate business ...

What is Farming? - Answer- Agent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? - Answer- Must be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Indus...

Realtor - Answer- 100 test A 40,000 mortgage for a term of 20 years was originated at an 8%interest rate,with monthly mortgage payments of 334.58 what is the principal balance remaining after the second monthly payment ? - Answer- $39,863.72 If the price of a lot $9 per square food how many sq...

Title to Real Property Title means - Answer- ownership. Constructive Notice also called legal notice, is achieved by - Answer- recording documents in the public records. Marketable or merchantable title is title in - Answer- fee simple that is free from litigation and defects A search o...

Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a c...

Legal Descriptions Legal Descriptions are used to identify - Answer- a parcel's location. There are four methods to describe property. Name those - Answer- Monuments Method Metes and Bounds Government Survey Plat or Lot and Block Monuments Method Uses - Answer- landmarks to establish boun...

Property management - Answer- Abesntee ownership has increased the demand for which area of brokerage A fee based upon time and difficulty of appraisal - Answer- What is a real estate appraiser is paid A subdivision plat map - Answer- What does the local planning agency have the authority to a...

Licensees have to be experts in all the following? - Answer- Marketing, Valuation, Property Transfer What is farming? - Answer- When licensees concentrate on ONE type, style of property or particular neighborhood In a business brokerage, what is the "going concern value" ? - Answer- (COMBINE...

Which of the following statements is true regarding a mortgage loan originator (MLO)? (a) A mortgage loan originator is the same as a mortgage broker. (b) A mortgage loan originator must have a separate license. (c) A mortgage loan originator makes loans. (d) A mortgage loan originator mus...