What does the term farming refer to in real estate - ANSspecializing in one geographic area
A developer contracts to build a home according to the buyers specifications. This is an
example of which type of building? - ANScustom
Planned unit development - ANScluster zoning; are allowed a certain percentage of the
development to include smaller than normal lots or zero lot line and patio homes to be built
Buffer zone - ANSa planned neutral space between two different zoning categories that are
often built into a planned community (PUD)
county taxes are 6 mills, city taxes are 8 mills, and school board taxes are 7 mills. If
homestead property is assessed at 110,000, what are the annual taxes? - ANSa. $1,316
b.$1,435
c. $1,880
d $2,310
The federal, state, and local governments all play a role in the regulation of real estate.
Where would the local government have the most impact? - ANSproperty taxes, building
moratoriums, and zoning
The federal, state, and local governments all play a role in the regulation of real estate.
Where would the federal government have the most impact? - ANSCivil rights enforcement
and monetary policy
Real estate licensees are expected to be knowledgeable in all of the following areas -
ANSMarketing
Valuation
Property Transfer
Are real estate licensees expected to be knowledgeable in accounting? - ANSNo
The department of Business and Professional Regulation has the authority to issue: - ANSa
cease and desist order
a subpoena
a notice of noncompliance
Can the department of Business and Professional Regulation issue an injunction? - ANSNO
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