Commission or frec - Study guides, Class notes & Summaries

Florida Real Estate State Exam: Gold Coast Q&A CRAM EXAM 1&2 Property management Abesntee ownership has increased the demand for which area of brokerage A fee based upon time and difficulty of appraisal What is a real estate appraiser is paid A subdivision plat map What does the local planning agency have the authority to approve Dedication What is it called when a developer gives land to a governmental body? Property management What business is a license engaged in who...

What is the Mission of the Department? - ️️to ensure that professions and businesses provide quality services for the health, safety and welfare of citizens and visitors in the great state of Florida What is the Division Responsible for? - ️️Protects the public by regulating real estate and appraisal licensees examination, licensing and regulation verify the integrity of real estate salespersons and brokers by providing investigation and support to areas of complaints by consumers...

GOLD COAST REAL ESTATE EXAM Farming when a licensee focuses on one type or style of property or one particular neighborhood farm area target market; one of the best ways to succeed in real estate Areas of expert knowledge required for all real estate licensees 1. Property Transfer 2. Valuation and Market Conditions 3. Marketing (consider MLS; Multiple Listing Service) Residential Transaction F.S 475 The sale of any improved residential property of 4 units or fewer. Unimpr...

FL REAL ESTATE SALES ASSOCIATE EXAM REVIEW 2024 QUESTIONS AND ANSWERS 100% PASS Complaints against licensees are confidential until _____ days after probable cause is found to exist. - Correct Answer ️️ -10 Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There after the licensee has ____ days to take corrective action. - Correct Answer ️️ -15 Summary Suspension- What is it and who issues it? - Correct Answer ️️ -An emergen...

A person works for an owner-developer and is paid on a salary basis. Along with that, they also earn a bonus for each lot sold in the development. Are they required to hold an active real estate license? - Yes. Anyone who makes a commission from sales must hold an active RE license. A prospective buyer of an existing condo (resale) unit just receive what document(s)? - 1. Most recent year-end financial report 2. Rules of the assocation 3. Governance form A sales associate receives an earn...

Joining a team vs. being a solo agent is an important decision for a new real estate agent. Which of the following statements is false regarding joining a team vs. being a solo agent? - Answer - A. Joining a team vs. being a solo agent is a decision that is made by the Florida Real Estate Commission, (FREC). What is the status of their license if a sales associate did not complete the required 45-hour post licensing education course before the initial renewal of their license? - Answer - B....

A buyers market is when supply is ______and demand is _______. - A buyers market is when supply is high and demand is low. A comparable sold for $545,000. Compared to the subject, the comparable has a better build quality (50,000) and the comparable is larger (35,000). What is the adjusted sale price of the comparable. - Build Quality - 50,000 CBS Larger - $35,000 CBS $545,000 - $50,000 - $35,000= $460,000 A complaint that alleges a licensee violated Florida Statute or FREC rule would ...

FL REAL ESTATE LAWS QUESTIONS AND ANSWERS 100% PASS The Real Estate License Law - Correct Answer ️️ -1. Protect consumers from loss because of dishonest and incompetent real estate sales associates 2. Protect the good standing of ethical associates from the adverse publicity caused by unprincipled licensees Florida Real Estate Commission (FREC) - Correct Answer ️️ -consists of seven members appointed by the governor and confirmed by the state Senate. The Commission is composed of...

Gold Coast Real Estate Exam with Verified Answers Farming - answerwhen a licensee focuses on one type or style of property or one particular neighborhood farm area - answertarget market; one of the best ways to succeed in real estate Areas of expert knowledge required for all real estate licensees - answer1. Property Transfer 2. Valuation and Market Conditions 3. Marketing (consider MLS; Multiple Listing Service) Residential Transaction - answerF.S 475 The sale of any improved resident...

Real estate sale associate pre license course exam prep (GOLD COAST HIGHLIGHTS) Questions and Answers 100% Correct Farming - Correct Answer ️️ -licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - Correct Answer ️️ -Finding and specializing in a particular neighborhood or type of property. Considered to be one of the best ways to succeed in the real estate business Tract building - Correct Answer ️️ -When a devel...