This class was created by Brainscape user Paul Christopher. Visit their profile to learn more about the creator.

Decks in this class (39)

Chapter 1: The Real Estate Business (FITB)
A contractor who builds on his or...,
A broker who is working for an em...,
When working with a member of the...
30  cards
Chapter 5: Brokerage Operations (FITB & MC)
A trade name must be registered w...,
Sales associates can be stockhold...,
A real estate brokerage corporati...
34  cards
Chapter 6: Violations of License Law: Penalties & Procedures (FITB)
A licensee who disagrees with a f...,
The maximum amount that can be pa...,
Formal hearings are conducted bef...
15  cards
Chapter 6: Violations of License Law: Penalties & Procedures (MC)
The purpose of the disciplinary g...,
Who reports findings of fact to t...,
What happens if a respondent fail...
15  cards
Chapter 7: Federal & State Laws Pertaining to Real Estate (FITB)
The 1866 civil rights act prohibi...,
An owner that does use the servic...,
Lenders that refuse to make loans...
15  cards
Chapter 7: Federal & State Laws Pertaining to Real Estate (MC)
To be enforceable a lease longer ...,
The components of a valid lease i...,
Under the florida landlord and te...
14  cards
Chapter 3: Real Estate License Law & Commission Rules (FITB)
A quorum to conduct certain dutie...,
The commission s ability to impos...,
The rule making authority of the ...
15  cards
Chapter 3: Real Estate License Law & Commission Rules (MC)
The department of business and pr...,
The maximum number of years a mem...,
The secretary of the department o...
20  cards
Chapter 4: Authorized Relationships: Duties & Disclosures (FITB)
An agent that is empowered to per...,
An agent whose continuing authori...,
A sales associate is a ____ of th...
15  cards
Chapter 4: Authorized Relationships: Duties & Disclosures (MC)
Who owes fiduciary duties in an a...,
Which activity is not exempt from...,
As an agent a broker is employed ...
20  cards
Chapter 2: Real Estate License Law & Qualifications for Licensure (FITB)
A sales associate s license will ...,
A broker that did not complete re...,
A broker associate acts in the ca...
15  cards
Chapter 2: Real Estate License Law & Qualifications for Licensure (MC)
The florida real estate commissio...,
The real estate license law serve...,
The florida real estate commissio...
20  cards
Chapter 8: Real Property Rights (FITB)
Three legal rights contained in t...,
____ rights allow a property owne...,
Freehold estates involve ____ by ...
15  cards
Chapter 8: Real Property Rights (MC)
Which estate does not include leg...,
Florida timeshare projects are re...,
Able who holds title in fee simpl...
15  cards
Chapter 9: Title, Deeds & Ownership Restrictions (FITB)
Title to real property is synonym...,
The deed that provides the greate...,
The deed that is used to convey t...
15  cards
Chapter 9: Title, Deeds & Ownership Restrictions (MC)
Which instrument transfers title ...,
Title is a any instrument that gu...,
A warrant in a deed is a a discla...
15  cards
Chapter 10: Legal Descriptions (FITB)
The most accurate method of legal...,
The oldest and least accurate met...,
The initial reference point in a ...
15  cards
Chapter 10: Legal Descriptions (MC)
A contract for sale that contains...,
A legal description which uses to...,
The primary reference point in a ...
15  cards
Chapter 11: Contracts (FITB)
The type of listing given to only...,
An owner must be given a copy of ...,
The type of listing that gives th...
15  cards
Chapter 11: Contracts (MC)
One example of a unilateral contr...,
A broker s commission will be sub...,
If an owner revokes an exclusive ...
15  cards
Chapter 12: Real Estate Finance (FITB)
The instrument that contains the ...,
A mortgage is a ____ ____ ____,
The clause in a mortgage that pro...
15  cards
Chapter 12: Real Estate Finance (MC)
The legal instrument evidences th...,
A mortgage a conveys title to rea...,
When financing the purchase of re...
15  cards
Chapter 13: Types of Mortgages & Sources of Finance (FITB)
The process of qualifying a borro...,
Life insurance companies are the ...,
The least effective tool the fede...
15  cards
Chapter 13: Types of Mortgages & Sources of Finance (MC)
Prior to deregulation of the bank...,
The major source of funds for lar...,
If the federal reserve board deci...
15  cards
Chapter 14: Real Estate-Related Computations & Closing of Transactions (FITB)
The binder deposit held in escrow...,
The ____ normally pays for the do...,
Expenses on a closing statement a...
14  cards
Chapter 14: Real Estate-Related Computations & Closing of Transactions (MC)
An appraisal is an ____ of value,
The most common type of value est...,
The ____ of an appraisal is the e...
15  cards
Chapter 15: Appraisal (FITB)
An appraisal is an ____ of value,
The most common type of value est...,
The ____ of an appraisal is to es...
15  cards
Chapter 15: Appraisal (MC)
What type of value does an apprai...,
Investment value is best defined ...,
For the sales price of a property...
15  cards
Chapter 16: Introduction to Residential Product Knowledge (FITB)
Flag lots t lots and key lots may...,
Cul de sac lots provide little sp...,
The ____ of a building is located...
15  cards
Chapter 16: Introduction to Residential Product Knowledge (MC)
Corner lots potentially provide a...,
Test borings of the soil are perf...,
Footers are used to a prevent exc...
15  cards
Chapter 17: Real Estate Investments, Business Brokerage and Auctioning (FITB)
A business with sales of less tha...,
The uniform commercial code essen...,
____ ____ liabilities mature in m...
14  cards
Chapter 17: Real Estate Investments, Business Brokerage and Auctioning (MC)
The process of real estate invest...,
Fixed expenses typically include ...,
Reserves for replacements a are a...
15  cards
Chapter 18: Taxes Affecting Real Estate (FITB)
Real estate taxes are ____ ____ t...,
The county property appraiser det...,
A property owner has 25 days to p...
15  cards
Chapter 18: Taxes Affecting Real Estate (MC)
Real estate taxes are of the most...,
The county property appraiser det...,
Greenbelt laws a limit the assess...
15  cards
Chapter 19: The Real Estate Market (FITB)
A good balance between supply and...,
The four factors of production in...,
The real estate market can best b...
16  cards
Chapter 19: The Real Estate Market (MC)
The free enterprise system is bes...,
Which statement does not apply to...,
How does the real estate market r...
15  cards
Chapter 20: Planning & Zoning (FITB)
The ____ attitude refers essentia...,
Members of the planning board are...,
The goal of the planning board is...
14  cards
Chapter 20: Planning & Zoning (MC)
Which statement provides the basi...,
The rationale behind government p...,
How should local planning boards ...
15  cards
Melodee's Highlights
The real estate professional brin...,
Being able to discern important d...,
Knowing where and how to ___ prop...
173  cards

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