Absentee owner - Study guides, Class notes & Summaries

Absentee Owner: - Answer-A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Appraisal: - Answer-A supported, defended estimate of the value of property rights as of a given date Business Opportunity Brokerage: - Answer-The marketing and sale of a going concern operation; Florida requires that business brokers have a real estate license to market business opportunities Comparative Market Analysis: - Answer-An inform...

What does RESPA stand for? What does it mean? - Real Estate Settlement Procedures Act. Getting someone qualified Wha is real estate brokerage? - Real estate brokerage is the business of bringing together buyers and sellers and owners and renters and completing real estate transactions (paid a fee or a commission for services) 5 major sales specialties - "Residential"- 4 or fewer residential units OR agricultural property of 10 or fewer acres. "Commercial" - improved residential proper...

Unit 1: Florida Real Estate Exam Questions and Answers 100% Pass Absentee Owner - Correct Answer ️️ -An owner who does not reside on the property and who usually relies on a property manager to supervise the real estate Agricultural, 10 - Correct Answer ️️ -___ property is defined in Florida license law to mean agricultural property of more than __ acres. Appraisal - Correct Answer ️️ -The process of estimating the value of real property; a supported, defended estimate of the ...

Absentee Owner A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the condition of title (a history of title) Acceleration Clause A condition in a loan contract that permits the lender to require immediate repayment of the entire loan balance of the loan if the contract is breached or ...

Real Estate Business - Answer-Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - Answer-Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions. ***How can a agent maintain good standing with clients? (After title closing)*** - Answer-***Follow Up. ...

1. Which of the following statements is true regarding a mortgage loan originator (MLO)? a. A mortgage loan originator is the same as a mortgage broker. b. A mortgage loan originator must have a separate license. c. A mortgage loan originator makes loans. d. A mortgage loan originator must have a real estate license. - correct answer B 2. A real estate appraiser's fee for professional service is based on which of the following? a. A percentage of the property's gross income. b. A perc...

FL Real Estate Exam Practice Questions with Verified Answers Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REALTOR All REALTORS are members of the National Association of REALTORS (NAR) The term follow up refers to...? what a sales associate does...

Florida Real Estate Exam / Florida Real Estate Exam 2025 with 100% correct answers LATEST UPDATE 2024 GRADED A+ Owners that buy income properties as investments and depend on professionals to manage them - ANS-Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - ANS-CMA -Comparative Market Analysis... A contractor is employed by an owner of land to build on that land to the owner's specifications - ANS-Custom Buil...

Absentee Owner correct answers An owner who does not reside on the property and who usually relies on a property manager to supervise the real estate Agricultural, 10 correct answers ___ property is defined in Florida license law to mean agricultural property of more than __ acres. Appraisal correct answers The process of estimating the value of real property; a supported, defended estimate of the value of real property as of a specific date. may not correct answers A written opinion of...

Absentee Owner correct answers A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title correct answers A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the condition of title (a history of title) Acceleration Clause correct answers A condition in a loan contract that permits the lender to require immediate repayment of the entire loan ba...