Florida Real Estate State Exam 140 Questions And Answers
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Terms in this set
140
Owners that buy income properties as investments and depend on professionals to manage them
Absentee Owners
a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal
CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's specifications
Custom Building
When a contractor builds on his own land with the hope of locating a purchaser after construction has been completed
Speculative building
A developer that acquires a large that aquires a large tract of land and builds a model center from which sales may be made
tract building
Property management has grown as a service of real estate primarily bc of an increase of _______ _________
Absentee Ownership
The category of construction that applies when a property owner employs a contractor to build on his or her lot is called________ ___________
Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales
C. the time and difficulty of the appraisal
A developer contracts to build a home on a buyer's lot to the buyer's specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision
a. tract
b. custom
c. speculative
d. subdivision
b. custom
A Florida Real Estate lisence is required when anyone performs a service is specified under
F.S. 475 when all the following conditions are simultaneously present, unless that individual is otherwise exempt under the law:
F.S. 475 when all the following conditions are simultaneously present, unless that individual is otherwise exempt under the law:
1. Preforming a service of real estate
2. In the state of Florida
3. For another
4. For compensation
2. In the state of Florida
3. For another
4. For compensation