wersalesperson license
salesperson splits commission with broker - answertrue
When you have a salesperson license you have to work under a broker - answertrue
Commission must be paid to the __________ who then pays salesperson - answertrue
_________________________ sales persons and brokers act...
___________ bring buyers and sellers together and earn a percentage of the contract price -
answer✔✔brokers
Brokers and salesperson also do leasing such as office, retail, industrial and for apartments -
answer✔✔true
_____________________ the first license one would obtain. can work a whole career without
getting a broker's license - answer✔✔salesperson license
salesperson splits commission with broker - answer✔✔true
When you have a salesperson license you have to work under a broker - answer✔✔true
Commission must be paid to the __________ who then pays salesperson - answer✔✔true
_________________________ sales persons and brokers act as transactional agents, they
represent the transaction buyer and seller - answer✔✔transaction broker
How to get a salesperson license - answer✔✔36 hour course
pass school goldcoast exam
pass state exam
In florida, salesperson and broker licenses have to renew every - answer✔✔2 years
Renewal License requirements Salesperson - answer✔✔14 hours every 2 years
45 hours for salesperson in first two years
Renewal License requirements Broker - answer✔✔60 hours includes 14 hours
14 hours in 2nd renewal
simply someone who belongs to a board to realtors
to facilitate sales by offering the MLS to members - answer✔✔realtor
When seller hires firm, they are hiring the broker - answer✔✔all offers must be presented to
seller
buyers of property can also hire brokers - answer✔✔true
Sales person is an _________ and an _________ of the broker. - answer✔✔employee
agent
Sales person cannot do anything to harm the broker - answer✔✔true
There is a __________ relationship between property owner and broker - answer✔✔fiduciary
__________________ one who manages property for the benefit of another - answer✔✔property
manager
a property manager's objective is to maximize - answer✔✔the long term economic value of the
property
Property manager top designation ____________ - answer✔✔certified property manager CPM
Administrative tasks- collecting rents, prepare monthly reports (who paid who didn't, what isn't)
and record keeping - answer✔✔property manager tasks
need to know the marketing advantages/disadvantage of property
have low cost and low maintenance amenities that competitors dont have - answer✔✔marketing
strategy
______________ want similar type of tenants: families w, children. seniors, college students etc
- answer✔✔tenant selection
_______________________________ may want to add amenities, make sure everything looks
good and is kept up to date - answer✔✔physical management of facilities
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