Goldcoast University

Tract building - When a dev. Acquired land, records a plat map and uses a model centre from which sales may be made Local level - Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - A licensed broker working for another broker False - A Florida real estate license applicant must be a resident and citizen (true or false) Ap...

1. Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? CAM 2. What term is used for the practice of specializing in one particular residential neighbourhood or type of property? Farming 3. upon closing a sales transaction who pays the sales associate their contracted commission? Employing Broker 4. Home sold for $250k with a garage, a home sold in the area for $230k with no garage. From this informa...

Tract building - When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - A licensed broker working for another broker False - A florida real estate license applicant must be a resident and citizen (true or false) Ap...

Code of Ethics: Duties to clients and customers: - 1. Do not provide misleading information 2.Represent both parties in the same transaction only after full disclosure and with both parties being consented and informed. 3. Submit all offers and counteroffers quickly and objectively. 4. Maintain the obligation to preserve confidential information during and following the termination of a clients relationship. 5. Avoid exaggeration, misrepresentation or concealment of pertinent facts r...

What is Farming? - Agent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? - Must be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Industrial Sales? (Not needed for commercial sales) - Government Law (Environmental) What is It called when a Developer builds a center in track where sales are made? - Track Building What is the period of time ca...

Real Estate Brokerage (Ch. 1) - A business in which real estate-related activities are performed under the authority of a licensed real estate broker Farming (Ch. 1) - concentrating on one type or style of property in one particular area of neighborhood Property Transfer, Valuation & Marketing (Ch. 1) - areas of expert knowledge that are required for all real estate licensees Residential Transaction (Ch. 1) - F.S 475 The sale of any improved residential property of 4 units or fewer. U...

What are the the areas a realtor should be an expert in? - Marketing Valuation & Market Conditions Property Transfer "MVP" Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? - to get a FL real estate license, you don't need to be a citizen What must an applicant for a real estate license do if he has been convicted of a crime? - must disclose all convictions Employment - an associate can only have one employer at a time What's the...

1. The real estate market is local in nature what does that mean? - Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wit...

Realtor - 100 test A 40,000 mortgage for a term of 20 years was originated at an 8%interest rate, with monthly mortgage payments of 334.58 what is the principal balance remaining after the second monthly payment? - $39,863.72 If the price of a lot $9 per square food how many square feet are contained in a lot that sells for 27000 - 3,000 what is the tax levy of a non-homestead property that is as seed at 36000 with a tax rate of 11 mills? - $396 When must a written no brokerage relati...

What is the form you sign that says you will pay the loan back ? - promissory note What is the post licensing grace period after first expiration ? - none Deposits is a form of... - valuable consideration Physical land and improvements - real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both - Yes What is the maximum fine per offense ? - $5,000 per fine Out of state broker sends a customer, an...