Quizlet Florida Real Estate Exam - Fl real estate unit 1 exam Flashcards.

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What is Residential Property? in Florida is a family home that is a single family dwelling, a duplex, a triplex (3units) or a quad (4 units) or vacant land that has been zoned for 4 units or less. is NOT required to be witnessed. Since performing a broker price opinion or comparative market analysis constitutes real estate brokerage …. mortgage provision that allows the lender to demand payment of the full amount due in the event of a borrower default. Hold the money in a separate non-interest bearing account in a Florida bank. The type of estate that Maria has in the property is: A. The Florida real estate commition was first created in what year. Leverage is when an investor uses his equity to finance an investment. examples include a one-year lease, a two-year lease, and a 7-month lease. 75-100 Learn with flashcards, games, and more — for free. 0 (6 reviews) Flashcards; Learn; Test; Match; strict IRS rules regulate this type of exchange Ex. B) deposits earnest money in a business operating account. If the loan is $115,000 at 10% interest for 30 years and the payment is $1009. The mortgage serves as a lien against the property. What is the maximum recovery possible from the Real Estate Recovery Fund that results in a single judgment as a result of this fraudulent activity? a. (3)how to market real estate business. A sales associate sells real estate for a real estate brokerage company. 2016 Florida Real Estate Exam Prep Questions, Answers & Explanations: Study Guide to Passing the Sales Associate Real Estate License Exam Effortlessly (Kindle Locations 1851-1856). C) Determine if experienced sales associates are needed. Protection of Homestead against creditors. T- The claimant must have paid TAXES for the time of possession. , The first FREC was established in _____. powers of the Florida Real Estate Commission -FREC - include the power to regulate and enforce license law. Rent, A real estate licensee is NOT expected to possess knowledge and expertise in. The borrower's projected monthly PITI is $1,372, the PMI is $150, and based on a credit report, the borrower has the following long-term obligations: Car Payment $400, Student Loan $390, Credit cards $250. are accountable to the governor for proper performance. Number of days after which a final order becomes effective. The scope of a property manager's functions encompasses more than just rent collection, maintenance, and repair. Price opinions are often requested by relocation. Study sets, textbooks, questions. Most Important chapters 2,4,5,8,9,11,12,14,16 Learn with flashcards, games, and more — for free. 330 x 1320 = 435,600 square feet total. Total transactions divided by the avg sales per agent indicates the number of agents required. successfully complete the 45-hour post-licensing course b. Real Estate Brokerage Activities and Procedures (12%). He can take a Florida law exam and obtain a broker's license through mutual recognition if Kentucky has a mutual recognition agreement. Florida Real Estate Exam 2023 - terms. Study with Quizlet and memorize flashcards containing terms like Owners that buy income properties as investments and depend on professionals to manage them, a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal, A contractor is employed by an owner of land to build on that land to the owner's …. The fisherman protests that the owner cannot prevent him. Florida Real Estate Exam Prep CH 7 2021. Homeowners insurance of $1,200 and property taxes of $1,850. Jed is a licensed sales associate who is registered with the DBPR under his legal name, Jedidiah Smith; however, he uses the name Jed. Study with Quizlet and memorize flashcards containing terms like A property closes on June 10, with the day of closing charged to the buyer. 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