Bundle for AZURE TIDE REAL ESTATE tests compilation | everything you need

Gross Rental Multiplier (GRM) is an easy-to-use a calculation to get an estimated value for a potential investment. What is the formula used to calculate the GRM value? - Sale Price (Market Value )/ Gross Monthly Rental Income = Gross Rent Multiplier (GRM) Jill bought a house 3 years ago and paid...

A Florida real estate sales associate who moves and becomes a nonresident of Florida must notify the Commission of the change of residency within how many days? - 60 In case of breach by the buyer, most real estate contracts include a provision that the earnest money be regarded as - Liquidated d...

A contract for deed is also called a land contract. - True Florida is a title theory state. - False, Florida is a Lien Theory state When a buyer assumes an existing mortgage, a partial release will be issued which verifies the amount of the unpaid balance, interest rate, and date to which interes...

real estate licensees are allowed to sell business opportunity only if the real estate is sold along with the busuness - False Farm Area is an area picked by a licensee to market to on a very regular basis - True Per Florida statues 177.091 play maps must be recorded into public record - True Th...

Usually, whichever party is to sign a particular closing document pays the fee for document preparation. - True Security deposits held by seller are entered as a credit to the seller and a debit to the buyer. - False The statutory method means that you always use 30 days to calculate a monthly pr...

The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) is a provision under Title XI that mandates states to license and certify appraisers. - True In real estate, the definition of highest and best use is always based on how the property is currently being used. - False The d...

A tenant was required to pay $1200 as security deposit. Three weeks after making the deposit, the landlord passed along to the tenant by phone the mandatory information concerning his deposit of funds. Why has the landlord violated F.S. 83? - The landlord failed to notify the tenant in writing of ...