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Florida Real Estate License Exam Study Guide Solutions

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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...

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  • October 30, 2024
  • 35
  • 2024/2025
  • Exam (elaborations)
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Emillect
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FIRST PUBLISH OCTOBER 2024




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 buyer or seller,

REO specialist, property manager, etc


geographical area specialization - ANSWER✔✔-a neighborhood specialist, for example


type of relationship specialization - ANSWER✔✔-a fee based consultant vs. a commission based agent vs

a full time salaried employee


a real estate agent works exclusively with buyers. they have chosen a specialization that focuses on the -

ANSWER✔✔-client


residential homeowner specialization - ANSWER✔✔-sells primary residences to homeowners


residential investment specialization - ANSWER✔✔-sells residential property to investors




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commercial sales specialization - ANSWER✔✔-sells commercial property to investors, including offices,

industrial space, PUDs, and retail


commercial leasing specialization - ANSWER✔✔-leases commercial property to tenants, including

offices, industrial space, PUDs, and retial


property manager specialization - ANSWER✔✔-leases and manages residential investment properties on

behalf of the owner for a fee


agricultural specialization - ANSWER✔✔-sells farm land and other agricultural properties


unimproved land specialization - ANSWER✔✔-sells unimproved land to investors or subdividers


residential leasing/apartment broker specialization - ANSWER✔✔-leases residential properties for

landlords or helps residential tenants find homes to rent


foreclosure/short sales/reo specialist specialization - ANSWER✔✔-sells distressed properties in short

sales or helps buy distresses properties in short sales or at foreclosure auctions


sellers market - ANSWER✔✔-in favor of the seller, try not to pay too much above the listing price


buyers market - ANSWER✔✔-in favor of the buyer; sales price are more negotiable for buyers; gets

better deal on the price




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real estate brokerage - ANSWER✔✔-businesses of overseeing, consummating, and completing real

estate transactions and business by brining together the parties to a transaction


brokerage - ANSWER✔✔-the physical building where brokers and their sales associates often work


broker - ANSWER✔✔-can also refer to the actions taken to fulfill a real estate transaction


aparna is working with single family residences, vacation properties, and multi-family residences. she

likely specializes in: - ANSWER✔✔-residential property


Alberto is a sales associate who is very interested in revenue and profit. a specialization that may serve

his interest well is: - ANSWER✔✔-commercial property


co-op category - ANSWER✔✔-residential


farm area - ANSWER✔✔-a specific area a real estate associate chooses to specialize and become an

expert in


which dictates what is considered acceptable at a higher level - ANSWER✔✔-ethics


florida has many miles of coastal property. the state helps regulate and protect this coastal property,

along with taking a large part of the responsibility of regulating - ANSWER✔✔-the recording of property

conveyance




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FIRST PUBLISH OCTOBER 2024




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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