Florida Real Estate License Exam Study Guide Solutions
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Course
2024 Tests
Institution
2024 Tests
Florida Real Estate License Exam Study
Guide Solutions
client specialization - ANSWER-working exclusively with buyers or sellers
property type specialization - ANSWER-residential, commercial, agricultural, etc
type of transaction specialization - ANSWER-sales agent, leasing agent, short sales b...
MLS - ANSWER✔✔-multiple listing service; is a database in which local member brokers share listings so
other brokers can easily find buyers for those properties and establish compensation expectations for
properties sold jointly
realtor - ANSWER✔✔-an individual who has their real estate license and joins a local board of Realtors
such as the National Association of Realtors
the golden rule which the code of ethics is based on - ANSWER✔✔-treat others the way you wish to be
treated
NAR code of ethics - ANSWER✔✔-- competency, fairness, integrity
- competency
- fairness
- integrity
property management - ANSWER✔✔-is the vocation of renting or leasing someone else's real property
on their behalf in exchange for compensation and in accordance with a property management employee
contract
absentee owner - ANSWER✔✔-is a property owner who does not occupy the property in question and
therefore often utilizes a property manager's services
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