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21 Cards in this Set
- Front
- Back
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Owners who do not reside on the property and who usually rely on a property manger to supervise the real estate.
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Absentee Owners
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The process of estimating the value of real property; a supported, defended estimate of the value of real property as of a specific date.
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Appraisal
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Registered, licensed, or certified by the DBPR and provides an estimate of value.
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Appraiser
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A written opinion of the value of real property. BPOs may not be referred to as a appraisals.
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Broker's Price Opinion (BPO)
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Real estate licensees who engage in the sale, purchase, or lease of business.
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Business Brokers
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Real estate activity dealing in the sale, purchase, or lease of business (going concern operations)
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Business Opportunity
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Holds a CAM license to manage community associations of more 10 units or associations with an annual budget in excess of $100,000.
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Community Association Manger (CAM) |
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Refers to a marketing tool and may not be referred to or represented as an appraisal; CMAs are developed by reviewing the real estate activity in the area, including recent sales of similar properties, properties currently offered for sale, and recently expired listings to indicate what a subject property might be worth based on current market activity.
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Comparative Market Analysis (CMA)
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The gift of land by owner to a government body for a public use.
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Dedication
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Refers to a selected geographic area or a group of people from which licensees solicit real estate business and devote special attention.
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Farm Area
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What a sale associate does for buyers and sellers after the sale (closing) to promote customer loyalty.
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Follow-up
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A database that allows real estate brokers representing sellers under a listing contract to share information about properties with real estate brokers who may represent potential buyers.
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Multiple Listing Service (MLS)
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Real estate activity devoted to leasing, managing, marketing, and overall maintenance of property for others.
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Property Management
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The local representative of the owner.
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Property manger
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Part of the real estate business that is concern with bringing together buyers and sellers, owners and renters, and completing real estate transactions.
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Real Estate Brokerage
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The industry or occupation whose activities involve real property transaction handled by licensed real estate professionals.
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Real Estate Business
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Real Estate professionals who are members of a local board (or association) of REALTORS and are affiliated with the Florida Realtor and the NAR.
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REALTORS
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Typically finds a tenant for property and collects a fee.
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Rental Agent
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Refer to a plan of tract of subdivided land that is submitted by the developer to the government planning agency showing the size and location of individual lots, planned amenities, streets, and utilities.
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Subdivision Plat Map
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A specific group of prospects chosen because of its demographic, financial, and lifestyle characteristics.
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Target Market
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A set of standards of practice to follow when providing appraisal.
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USPAP (uniform standards of professional appraisal practice) |
