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Azure Tide Realty Florida: Section 1 /39 Questions And Answers (A+)
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- Azure Tide Realty Florida: Section 1
Azure Tide Realty Florida: Section 1 /39 Questions And Answers (A+)
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Azure Tide Realty Florida: Section 1 /39 QuestionsAnd Answers (A+)
Quiz :Real Estate Brokerage - √Answer :A business where a "managing" broker
oversees the Broker Associates/ Sales Associates work for the brokerage and
provide real estate services to clients for compensation.
All clients and commission technically belong to the brokerage and are the
responsibility of the broker.
ex: REMAX, Coldwell Banker, Century 21
**A real estate broker acts as an intermediary between buyers and sellers,
landlords and tenants.
Quiz :Farm Area - √Answer :An area or neighborhood picked by a licensee to
market to on a very regular basis; Thus, cultivating buyers and sellers.
Quiz :5 Major Types of Real Estate - √Answer :Residential
Commercial
Industrial
Agricultural
Businesses
Quiz :Residential Real Estate - √Answer :single-family homes, condominiums,
and property which houses UP TO 4 individual units or fewer than 10 acres of
land.
Quiz :Commercial Real Estate - √Answer :Residential properties that contain
more than 4 individual units as well as property that houses retail, restaurant,
professional offices and other businesses that are not considered manufactured
or industrial.
Quiz :Industrial Real Estate - √Answer :Manufacturing, recycling, distribution
and other "industrial" type uses.
Quiz :Agricultural Real Estate - √Answer :Farming and uses of land for
animals, such as cows and horses that are more than 10 acres.
Quiz :Business Real Estate - √Answer :A pre-established restaurant, clothing
store, gas station and any business that is sold with the assistance of another for
compensation.
, **PRE-ESTABLISHED VIABLE BUSINESSES**
Quiz :Business Opportunity - √Answer :involves sale or lease of any product,
service, equipment, etc. that will enable the purchaser-licensee to begin a
business.
. It involves not only the sale of the property but of
the business itself. It may actually be for the sale of a business without the real
estate as many businesses operate in locations utilizing a lease
Quiz :Business Brokers - √Answer :Real estate professionals specializing in
selling businesses
Quiz :Absentee Owner - √Answer :A person or entity who owns a piece of real
estate but does not live in it.
**Often the person may reside in another state. An absentee owner entity may
be a corporation or real estate investment trust (REIT).
Quiz :Rental Agents - √Answer :Find a tenant and collect fee
Quiz :Property Manager - √Answer :Finding tenants to occupy the space,
collecting monthly rental payment, maintaining the property and upkeep of the
grounds.
**Anyone who is paid a commission or is paid on a transactional basis for
conducting property management services MUST be LICENSED.
Quiz :Community Association Manager (CAM) - √Answer :Manage the
workings of community associations.
*Ensure that homeowners are complying with the rules of the association.
Ex: approving paint colors, fencing, etc.
Quiz :Appraising - √Answer :The process of estimating the value of a property.
Used when:
A) A buyer is getting a bank loan
B) An investor is considering buying for investing purposes
C) legal proceeding; divorce, estates, division of assets
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