Upgrade to remove ads
Unit 1 Exam
The Real Estate Business
Terms in this set (15)
Which statement is TRUE regarding the use of the term REALTOR?
All REALTORS are members of the National Association of REALTORS (NAR)
The term follow-up refers to
what a sales associate does for buyers and seller after the sale
Even though certain exceptions apply, an active real estate licensee is legally entitled to appraise real property for compensating concerning a nonfederal related transaction
as long as she does not represent herself as a state-certified or licensed appraiser and complies with the USPAP.
The field of property management has experienced growth and specialization primarily because of
the increase in the number of absentee owners
Real estate licensees must comply with the Uniform Standards of Professional Appraisal Practice (USPAP) when conducting which value estimates?
Appraisers are paid a fee because
to accept compensation based on the appraised value is a conflict of interest
The five major sales specialists do NOT include
The real estate activity that is devoted to leasing, managing, marketing, and overall maintenance of property for others is called
Which type of construction involves building to a buyer's specifications?
The term dedication as it applies to development and construction refers to
a gift of land by the owner to the local government for a public use.
What type of license is required to sell or lease business opportunities for another person?
Real estate license
Selecting a limited geographical area in which a real estate professional develops special expertise is
Managing which type of property of more than 10 units requires a CAM license?
Effective advertising involving developing a database of prospects to direct a specific message is called
A broker charges a prospective seller $50 for a comparative market analysis (CMA). Which statement applies?
This is permissible, provided the broker does not represent the CMA as an appraisal.
THIS SET IS OFTEN IN FOLDERS WITH...
Florida Real Estate Principles, Practices & Law
Florida Real Estate Practice Final Exam 2020
Florida Real Estate Principles, Practices, & Law 4…
Unit 1 Practice Questions
OTHER SETS BY THIS CREATOR
Unit 5 Exam
Unit 5 Practice Questions
Unit 4 Exam
Unit 4 Practice Questions
OTHER QUIZLET SETS
Quiz 2 History 2112
Limbic System and Emotion
Chapter 16: Pediatric Radiography
PSY 280, QUIZ 1 STUDY GUIDE