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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