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15 Cards in this Set
- Front
- Back
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A contractor who builds on his or her own lot in the hope of finding a purchaser upon completion is building on _______. |
Spec or Speculation. |
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a broker who is working for an employer is said to be an ________. |
Agent |
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When working with a member of the public, the party the broker hopes to be successful with in the performance of his or her duties is referred to as a ______________. |
Customer |
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Most real estate licensees are involved in _____________ brokerage. |
Residential |
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Property management has grown as a service of real estate primarily because of an increase in ______________________________. |
Absentee ownership. |
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That portion of the Federal Financial Institutions Reform, Recovery and Enforcement Act that requires the use of state licensed or state certified appraisers is _____________. |
Title XI. |
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An estimate of the value of property developed by a real estate licensee for use in listing or selling property is known as a _____________________. |
Comparative Market Analysis (CMA). |
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Mortgage brokers are licensed in Florida by the _____________________. |
Dept of Financial Services. |
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The category of construction that applies when a property owner employs a contractor to build on his or her lot is called __________________. |
Custom building. |
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After completion of construction of a subdivision, the streets, sidewalks and common areas are frequently conveyed to the city or county in a process called ________________. |
dedication. |
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An appraisal is an ______________ of value. |
Estimate. |
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Valuing a business requires an analysis of ______________ ____________ and _____________ ________________. |
Financial Statements and Balance Sheets. |
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The three areas of expertise that real estate licensees bring to the transaction relate to ____________, _____________, and __________ ___________. |
valuation, marketing, and property transfer. |
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The composite value of the real and personal property, plus the intangible assets of a business is called __________ ___________ value. |
going concern. |
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Part _____ of F.S. 475 covers regulation and licensing of real estate practitioners, while Part _____ covers the registration, licensing and certification of appraisers in Florida. |
I II |
