Exam (elaborations)
BOB HOGUE SCHOOL OF REAL ESTATE (FLORIDA) CHAPTER #1 REVIEW EXAM QUESTIONS AND ANSWERS
- Course
- Institution
BOB HOGUE SCHOOL OF REAL ESTATE (FLORIDA) CHAPTER #1 REVIEW EXAM QUESTIONS AND ANSWERS
[Show more]
Content preview
BOB HOGUE SCHOOL OF REAL ESTATE(FLORIDA) CHAPTER #1 REVIEW EXAM
QUESTIONS AND ANSWERS
Real Estate includes 5 different areas of expertise - Answer-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 - Answer-1.) Credit evaluation
2.) Property Appraisal
3.) Property Survey
Chapter 475, FS
(Residential) - Answer-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 - Answer-1.) Residential
2.) Commercial
3.) Industrial
4.) Agricultural
5.) Businesses
Agricultural property is defined as... - Answer-(In Chapter 475, FS) to mean agricultural
property of more than 10 acres
Farm Area - Answer-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 - Answer-Involves leasing, managing, marketing and
maintenance or property. much more involved than a rental agent.
Rental agent - Answer-Typically find a tenant for property and collect a fee. Property
managers continue to mange the property once a tenant is secured.
USPAP - Answer-Uniform Standards of Professional Appraisal Practice
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller biggdreamer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
74735 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now