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Bob Hogue School of Real Estate (Florida) Chapter 1 Review Questions with answers
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Bob Hogue School of Real Estate (Florida) Chapter 1 Review Questions with answers
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Bob Hogue School of Real Estate(Florida) Chapter 1 Review Questions
with answers
Real Estate includes 5 different areas of expertise - -1.) Details of property
transfer
2.) Knowledge of market conditions
3.) Knowledge of how to market real estate or businesses
4.) Knowledge of how to analyze buyers needs
5.) Knowledge of laws that pertain to real estate
-Post Contract activities - -1.) Credit evaluation
2.) Property Appraisal
3.) Property Survey
-Chapter 475, FS
(Residential) - -Defines Residential Real Estate as 4 or fewer residential
units, vacant land zoned for 4 or few residential units or agricultural property
of 10 or few acres.
-5 different areas of specialty - -1.) Residential
2.) Commercial
3.) Industrial
4.) Agricultural
5.) Businesses
-Agricultural property is defined as... - -(In Chapter 475, FS) to mean
agricultural property of more than 10 acres
-Farm Area - -Licensees get to know every lot, house, a nd business in their
farm areas. Farming involves maintaining data on each property, including
when it was built, the sale history, typical marketing time, assessed value,
the amount of property taxes and so forth.
-Property Management - -Involves leasing, managing, marketing and
maintenance or property. much more involved than a rental agent.
-Rental agent - -Typically find a tenant for property and collect a fee.
Property managers continue to mange the property once a tenant is secured.
-USPAP - -Uniform Standards of Professional Appraisal Practice
-CMA - -Comparative Market Analysis. (Real Estate Licensees may help
potential sellers determine an asking price by preparing this. They may also
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