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Florida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectFlorida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectFlorida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectFlorida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectBinder deposit shows up as what on closing statement? - ANSWER-Credit to buyer Which of the following is true about leverage? - ANSWER-Leverage is the use of borrowed funds to purchase assets. Which of the following li...

administrative law - correct answer -Body of law created by administrative agencies in the form of rules, regulations, orders, and decisions. agent - correct answer -A person entrusted with another's business; the person authorized by the principal to act on the principal's behalf. at arm's length - correct answer -People conduct negotiations on their own behalf without trusting the other's fairness or integrity and without being subject to the other's control or influence. caveat empto...

Practice end-of-course exam for Florida real estate license Questions and answers, verified/ A licensed real estate broker has been hired by a lender to appraise a home for a buyer who has applied for an FHA loan. Whch statement is TRUE regarding this situation? - -The broker is required to be a state-certified appraiser to perform this appraisal assignment. Leasehold estate do NOT include - -A remainder estate. The Florida Real Estate Commission must notify which agency when it takes...

FLORIDA REAL ESTATE EXAM, PRACTICE EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL EXAM NEWEST 300 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) ALREADY GRADED A+.

FLORIDA REAL ESTATE EXAM 2024 UPDATE QUESTIONS AND CORRECT ANSWERS GRADED A+

Florida Real Estate Ch 16 Appraisals Exam Review Questions and answers, verified/ Financial institution reform recovery enforcement act (FIRREA) - According to Florida statutes 475, real estate licenses are able to perform appraisals. the licensees, however, must make it clear that the licensee is not certified appraiser and cannot perform an appraisal for federally related transactions. All appraisals must follow USPAP. This act Financial institution reform recovery enforcement act (F...

Florida real estate business Exam Review Questions and answers, rated A+ Florida real estate - -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. Farm/Agriculture residential is a family home on less than 10 acres land. Commercial property is income producing property such as a retail center or an apartment complex of more than four units. The real e...

Florida Real Estate Ch 16 Appraisals Exam Review Questions and answers, VERIFIED/ Financial institution reform recovery enforcement act (FIRREA) - According to Florida statutes 475, real estate licenses are able to perform appraisals. the licensees, however, must make it clear that the licensee is not certified appraiser and cannot perform an appraisal for federally related transactions. All appraisals must follow USPAP. This act Financial institution reform recovery enforcement act (F...

Florida Real Estate Chapter 16 Questions and answers, verified/ A broker price opinion - Is a valuation servie that requires an active real estate license A broker-appraiser estimates the cost to construct an existing building using similar but not identical materials. The materials used in the estimate provide utility that is equal to the existing building. the broker-appraiser is applying which method of cost estimating? - Replacement Which statement does not apply? Federally related t...

Florida Real Estate Chapter 16 – Appraisal Exam Review Questions and answers, verified/ appraisal regulation - -or FIRREA brought appraisal under federal oversight and mandated states to license and certify appraisers. a non profit organization. does work through two different boards: -appraisal subcommittee - -state certified appraisers federally related transaction - -real estate transaction involving sale, lease, purchase,investment,,or exchange in real property. fed related tran...

Florida Real Estate Exam Practice - Chapter 15 (%). Exam Review Questions and answers, rated A+ appraise - -To _____ real property means to estimate its value. art - -Appraising is considered to be an ____ not a science. cost - -The ___ is the amount paid to purchase and/or build a house. price - -The _____ is the transaction price paid by a buyer. value - -The ____ is the market value based on an appraisal. cost - -_____ is the total expenditure required to bring a new improvement into...

Florida Real Estate Exam Review Questions and answers, verified/ 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 ho...