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13 Cards in this Set
- Front
- Back
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A real estate licensee is expected to possess four types of knowledge and expertise? |
Market conditions, how to market real estate, property transfer, the requirements of federal state and local laws. The licensee cannot prepare transfer of legal interest documents such as a deed and the mortgage. |
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A business broker is a licensed real estate broker or sales associate who specializes in the sale, purchase, or lease of business enterprises and business opportunities. |
There is not a separate license for a business broker. |
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What does property management do? |
Rent lease manage marketing and overall maintenance of real property for others for a compensation. |
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The compensation structure for property management services is contained in the _______ ______ between an owner and a real estate broker. |
Management agreement |
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Property management requires an active Florida real estate license unless exempt true or false |
True |
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The community association is? |
An association that contains more than 10 units or has an annual budget in excess of $100,000. |
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A cam license is? |
Community association manager license. It is issued by the division of Florida condominiums, timeshares, and mobile homes of the DBPR. |
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The community association manager is employed by whom. |
The Board of Directors of the association. |
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True or false a community association manager may have but is not required to have a real estate license. |
True |
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Comparative market analysis can do what? |
It may not be referred to as an appraisal, it may be performed by real estate licensee for a fee, it may use sale prices of recent sales and list prices of expired listings, and is not required to be prepared in conformance with US PAP. |
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What three types of new residential construction can a real estate licensee market? |
Custom homes, spec homes, track homes. Track homes are often marketed using model homes as samples of builder elevations, floorplans, features, and equipment. |
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What are personal standards of conduct that may be higher than those mandated by law. And members of the public prefer to do business with brokers and sales associates who deal honestly fairly and ethically with customers. |
Ethics |
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A real estate licensee is not expected to possess knowledge and expertise in? |
A. Market conditions B. How to market real estate C. Preparation of deeds D. Property transfer |
