Chapter 1 Flashcards
A mortgage broker
Must have a separate license
The principal is an agency relationship is the
Employers
The real estate brokerage business can be best described as a
Service business
What does the designation REALTOR signify
The designation identifies the real estate professional as a member of NAR
Appraisers that are registered, licensed or certified under F.S 475 part II must be utilized
Federal related transactions
The art of estimating the value of real property
Appraising
Property management has grown as a service of real estate primarily because of an increase
Absentee ownership
The responsibilities of a property manager does not include
Preparing leases
One in which a loan is made by a federally regulated lending institution that uses real property value greater than 250000 as security loan
Federally related transaction
The service provided by real estate brokers that is considered to require the most experience and knowledge is
Counseling
The transfer of ownership to public use is refereed to
Dedication
