Florida Real Estate Exam 2024 Complete Solution Package

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 l...

Florida Real Estate Exam 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....

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...

Agency relationship in Florida with the fewest duties/obligations: - correct answers -Non-representation broker If Jackson has no fiduciary duty and offers no representation whatsoever to the buyer or the seller in a transaction, Jackson is a: - correct answers -Non-representation broker Entit...

Florida Real Estate Exam 1031 tax-deferred exchange - Answer- Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange ...

Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor - correct answe...

administrative law - correct answer -Body of law created by administrative agencies in the form of rules, regulations, orders, and decisions. agent - correct answer -A person entrusted with another's business; the person authorized by the principal to act on the principal's behalf. at arm's...

In which area of brokerage has absentee ownership increased the demand? - Correct answer-Property management How is a real estate appraiser typically paid? - Correct answer-A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve -...