Florida Real Estate Exam 198 Questions And Answers
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Terms in this set
198
What's the primary purpose of the federal Fair Housing Act?
*To protect buyers' and renters' right to have choices in housing without discriminatory limitation
*To protect communities that have worked hard to develop their own neighborhood's rights
*To protect property owners' right to make choices related to the disposition of their property
*To protect real estate professionals from penalty when working with discriminatory clients
*To protect buyers' and renters' right to have choices in housing without discriminatory limitation
*To protect communities that have worked hard to develop their own neighborhood's rights
*To protect property owners' right to make choices related to the disposition of their property
*To protect real estate professionals from penalty when working with discriminatory clients
To protect buyers' and renters' right to have choices in housing without discriminatory limitation
Once sales associates complete their post-licensing education and renew their licenses, how many hours of continuing education are required during each two-year renewal period?
14 hours
45 hours
60 hours
63 hours
14 hours
45 hours
60 hours
63 hours
14 hours
Absentee Owner
When the owner of the property does not live in or manage the property. Such an owner may hire others to manage the property.
Appraisal
An estimate of value as of a specific date and for a specific use
Appraiser
One who performs an appraisal (an estimate of value as of a specific date and for a specific use).
broker price opinion
An opinion of value prepared by a real estate licensee; similar to a comparative market analysis, but not as detailed; a lender or relocation company generally orders the BPO. It is NOT an appraisal.
Business Opportunity
The sale or lease of a business (when goods or services are exchanged for profit)
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Comparative Market Analysis
Comparative Market Analysis
An opinion of a property's market price range, and is used to help the seller establish a probable listing or lease price. It is NOT an appraisal.
Dedication
Putting in time and effort to a certain task or purpose. Dedication to a real estate career, for example, would mean that an individual would pursue the education and licensing necessary to become a real estate professional.
Farm Area
To focus on a specific area (location or type of consumer) to grow (farm) one's business