Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
13 Cards in this Set
- Front
- Back
Real estate sales associates involved in sales and leasing often specialize in any of what five major sales specialties?
|
residential, commercial, industrial, agricultural, businesses.
|
|
defined as property more than ten acres.
|
agricultural property
|
|
devoted to the leasing, managing, marketing, and overall maintenance of property for others.
|
property management
|
|
a property owner who does not reside on the property and who often relies on a property manager to to manage the investment
|
absentee owner
|
|
the process of estimating the value of real property. considered to be an art, not a science
|
appraisal
|
|
florida law requires appraisers and real estate brokers and sales associates to abide by the ---------------------
|
uniform standards of professional appraisal practice (USPAP)
|
|
a set of guidelines to follow when providing appraisal services.
|
USPAP
|
|
Are developed by collecting information concerning real estate activity in the area, including recent sales of similar properties, properties currently offered for sale, and recently expired listings.
|
Comparative market analysis (CMA)
|
|
CMA's is a marketing and may not be referred to or represented as an appraisal T/F
|
True
|
|
regarded as the lifeblood of real estate sales.
|
financing
|
|
provide advice to individuals and firms regarding the purchase and use of real estate investments. they are usually paid a flat fee
|
counselors
|
|
affect how the land can be used and establish criteria such as minimum square footage, type of construction, architectural design, and so forth, to ensure that homes built there conform to the neighborhood
|
restrictive covenant
|
|
appraisers are paid a fee because
|
to accept compensation based o the appraisal value is a conflict of interest
|