45 Hour Post License Florida EXAM |ACTUAL EXAM WITH QUESTIONS AND CORRECT DETAILED ANSWERS VERIFIED ANSWERS ALREADY GRADED A+ 2024
8 views 0 purchase
Course
45 Hour Post License Florida
Institution
45 Hour Post License Florida
45 Hour Post License Florida EXAM |ACTUAL EXAM WITH QUESTIONS AND CORRECT DETAILED ANSWERS VERIFIED ANSWERS ALREADY GRADED A+
2024
Farming Correct Answer: Concentrating on one type of style of property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the...
45 Hour Post License Florida
EXAM |ACTUAL EXAM
WITH QUESTIONS AND
CORRECT DETAILED
ANSWERS VERIFIED
ANSWERS ALREADY
GRADED A+ 2024 Farming Correct Answer: Concentrating on one type of style of property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: Correct Answer: - Duplex
- improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved property of four or fewer residential units
- dispositions of business interests for property of four or fewer residential units
Industrial Properties include _______ and ___________ facilities Correct Answer: warehouses and manufacturing
A _________ __________ is a condominium unit that is subdivided into ownership time periods. Correct Answer: timeshare property Timeshare ownership includes the right to use the property for some period-of-time, sometimes referred to as ___________ _____________. Correct Answer: interval ownership
absentee owners Correct Answer: owners who buy income property as investments and depend on professionals to manage them
Lenders may require an ___________ to determine whether the value of the property being used as collateral for a loan is adequate. Correct Answer: appraisal
Appraisals may also be required in connection with _______ _________ ________ ___________, ____________ ____________ __________, _________ ________ _____ ____ _______, _____ _____, _____ _____, ______ _______, and in many other circumstances. Correct Answer: federal income tax claims, federal estate taxes, protesting real estate tax assessments, eminent domain, investment planning, insurance claims, and in many other circumstances.
An appraisal that is used in federally transaction must be performed by an appraiser who is registered, licensed, certified under Part II of FS ____, which is administered by the Florida Real Estate Appraisal Board (FREAB).
Correct Answer: FS 475
A _________ _____ _______ is one in which a loan is made by a federally regulated lending institution that uses real property. Correct Answer: federally related transaction
All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be developed and reported in conformity with the Correct Answer: Uniform Standards of Professional Appraisal Practice (USPAP)
A real estate ________ is an expert, whom others seek when they want answers to real estate questions about such things as avoiding mortgage
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 SavvyMind. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.48. You're not tied to anything after your purchase.
