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Gold Coast Chapter 1 (100% verified) graded A+ by experts 2024/2025
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Gold Coast Chapter 1 (100% verified) graded A+ by experts 2024/2025
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Gold Coast Chapter 1Absentee Owner - ANSOwners who buy income property as investments and depend on
professionals to manage them. (page 4)
Appraisal - ANSAn act of assessing an opinion of value on real property. (page 5)
Appraiser - ANSA practitioner who has the knowledge and expertise necessary to estimate
the value of an asset. (page 5)
Broker Price Opinion (BPO) - ANSHelps determine the selling price of the property in a short
sale transaction since the licensee typically has knowledge of the local market. The licensee
will be asked to take photos of the property and complete a BPO report form provided by the
lender. The report includes a neighborhood analysis of comparable properties along with
local and regional market information. BPOs are less thorough than an appraisal, but require
more analysis than a basic CMA. (page 3)
Business Opportunity - ANSThe listing and sale of businesses by a real estate broker (page
4)
Comparative Market Analysis (CMA) - ANSTypically prepared by real estate licensees, a
CMA is a value estimate based on the recent sales of similar properties in the same
neighborhood. (page 2)
Dedication - ANSThe ownership of streets and sidewalks is typically conveyed by a
developer to the city or county upon completion of construction of a subdivision. This transfer
of ownership is referred to as dedication and gives the public the right of use. (page 7)
Farm Area - ANSaka Target Market. Finding and specializing in a particular neighborhood or
type of property. Considered to be one of the best ways to succeed in the RE business.
(page 2)
Federally Related Transaction - ANSA transaction in which a loan is made by a federally
regulated lending institution that uses real property. (page 6)
Florida REALTORS (FAR) - ANSOne of the number one resources for support and
information in a licensee's real estate business. This organization offers complete access to
all of the necessary real estate forms, help with technology, legal advice, Florida market
studies, educational tools and services, and much more. (page 8)
Follow-up - ANSReferrals from past customers are an important source of future business,
so consistent and repeated follow up with customers is key to maintaining good relationships
and maintaining new prospects. (page 2)
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