Study guides, Class notes & Summaries

Florida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectFlorida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectFlorida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectFlorida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectBinder deposit shows up as what on closing statement? - ANSWER-Credit to buyer Which of the following is true about leverage? - ANSWER-Leverage is the use of borrowed funds to purchase assets. Which of the following li...

Florida Real Estate State Exam Prep Questions and Answers Joint Ventures - Correct Answer ️️ -is a temporary form of business arrangement often encountered in real estate business. Trade Names - Correct Answer ️️ -is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - Correct Answer ️️ -Administrative Procedures Act Chapter 455, F.S. - Correct Answer ️️ -Regulation of Professional ...

Real Estate Exam FL Sales Associate Questions and Answers 100% Pass Absentee Owner - Correct Answer ️️ -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 Answer ️️ -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 Answer ️️ -A condition...

Florida Real Estate Class Final Exam Questions and Answers 100% Pass A Business Broker - Correct Answer ️️ -Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - Correct Answer ️️ -Keeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is cal...

Florida Real Estate 2024 Questions and Answers 100% Pass Brokers who list and sell smaller businesses are - Correct Answer ️️ -business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a - Correct Answer ️️ -subdivision plat map. Investors who don't live on the properties they own are - Correct Answer ️️ -absentee owners. Real estate specialists who sell properties close to a...

Florida Real Estate Terms Questions and Answers 100% Pass Abstract of tittle - Correct Answer ️️ -Condensed history of title to real property consisting of a summary of the links in the "chain of title" obtained from documents bearing on the title status. Acceleration Clause - Correct Answer ️️ -An agreement in a mortgage that the entire unpaid balance of the debt may become due and payable if a borrower defaults on expressed conditions. Accretion - Correct Answer ️️ -Gradu...

State Exam FLORIDA REAL ESTATE Questions and Answers 100% Pass When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - Correct Answer ️️ -the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the following is true regarding the Florida RE commission? - Correct Answer ️️ -Two members do not have to have a Florida ...

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 ...

Florida Real Estate Exam Practice Questions 2024 Questions and Answers 100% Pass Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor - Correct Answer ️️ -b. The term "follow-up" refers to a. returning calls in a timely manner. b. completing instructions given b...

Florida Real Estate STATE exam Questions and Answers 100% Pass The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law - Correct Answer ️️ -D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one ...

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...