Florida Real Estate State Exam 176 Questions And Answers
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Terms in this set
176
The _______________________ determines monetary policy in the U. S. by controlling the availability of money.
Federal Reserve System
The Homestead Act was passed primarily to
exempt property from forced sale
A sales associate authorized to negotiate a sale of property has the authority to
work under the direction of a broker or in some cases an owner-developer
The sales specialty that involves the knowledge of regulated land use, environmental considerations, transportation, labor costs and utility charges is
industrial
A real estate agent's trade association that requires raising the professional and ethical standards of their members is the
National Association of Realtors.
Property management customarily includes all these but
representation of the tenant
Property management in the real estate business has gained popularity and importance due to
the growth in absentee ownership.
The sales associate who can explain property taxes and homestead exemptions, in addition to helping prospective buyers obtain financing, is a
residential specialist
A sales associate with ABC Realty was contacted by Big Bank to do a Broker Price Opinion (BPO). Since the fee for this was small, the bank paid the salesperson directly. This situation is
illegal, since sales associate violated Chapter 475, F.S.
The product that all real estate professionals sell is
their expert knowledge