Florida Real Estate Exam 40 Questions And Answers
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Terms in this set
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RE professional brings expert knowledge regarding
Valuation, Marketing, and Property transfer.
Valuation
No two properties are the same. Realtors need to know the important differences, and understand how they transfer into value.
Marketing
RE market conditions are constantly changing, and must know where and how to market the property for the best value.
Property transfer
Transfer of ownership and rights are complicated, and Realtors need to know how to make the property transfer successful.
counseling
is a highly specialized service, and requires a greater level of knowledge and experience than any other facet of the real estate profession. They must have a high level of knowledge of real estate investment, and also in alternative investments and strategies.
NAR
National association of realtors. Offers programs, and serviceds to assist members through various societies to increase their professional knowledge and skills. Designations offered through completion of various programs.
IREM
Institute of Real Estate Management awards the CPM or certified property manager designation.
Custom building
contractor is employed by the buyer to build on that land to the buyer's specifications.
Speculative building
when a contractor builds on his/her own land hoping to locate a buyer after construction has been completed.
Tract building
Developer acquires a large tract of land and builds a model cednter from which other homes are sold.