BOB HOGUE SALES ASSOCIATE EXAM REVIEW | 500+ ACTUAL QUESTIONS AND ANSWERS VERIFIED BY EXPERT | UPDATED

BOB HOGUE SALES ASSOCIATE EXAM REVIEW | 500+ ACTUAL QUESTIONS AND ANSWERS VERIFIED BY EXPERT | UPDATED the product that real estate licensees market is information knowledge of property transfer, knowledge of market conditions, knowledge of how to market real estate or business a competent licensed real estate professional must know the economic and legal intricacies associated with transfers of - title, property taxes, financing, and local zoning ordinances to be successful, licenses must know how to - market real estate and businesses real estate brokerage - the business of bringing together buyers and sellers, owners and renters, and of completing real estate transactions 5 sales specialties of real estate - residential, commercial, industrial, agricultural, business real estate professionals have found that advertising money is more efficiently spent and produces better outcomes if efforts are focused on a target market - target marketing involves expertise in locating prospects many brokers and sales associates prefer to select one specific portion of a city and become an expert in that particular portion, called - farm area property management - professional service conducted by a person or company hired to maintain and manage property on behalf of the property owners property manager - the property owners local representative rental agents - typically find a tenant for property and collect a fee absentee owner - a property owner who does not reside on the property and who often relies on a professional property manager to manage the investment a property manager who is paid by commission or on a transactional basis must be - licensed as an active real estate broker CAM (community association manager) - association consists of 10+ units, or has budget higher than $100,000 appraisal - process of developing and communicating an opinion about a property's value FREAB (florida real estate appraisal board) - regulates state certified and licensed appraisers. federally related transaction USPAP - uniform standards of professional appraisal practice florida law requires appraisers, real estate brokers, and sales associates to abide by - USPAP when conducting appraisals of real property. CMA - comparative market analysis. sellers often ask real estate brokers and sales associates what buyers are likely to pay for their property's BPO - brokers price opinion. a written opinion of the value of real property the money you earn is - your brokers............................................................................