Chapter 1- The Real Estate Business Flashcards
Why is there a high demand for property managers in Florida?
Absentee owners
One qualified by education, training, and expertise, who is hired to estimate the value of real and personal property based on experience judgment, facts and use of formal appraisal process is known as a?
Appraiser
What is dedication?
Giving up private land for public use
What is farming?
Farming involves concentrating business efforts in a particular geographic area farming. Message include direct mail, and just license. Postcards farming is a great way for a licensee to introduce themselves.
An organization with at least one real estate broker acting as the agent for others in negotiating, the sale or rental of real property for fee is known as a?
Real estate brokerage
What is a home built from blueprints supplied by the buyer?
A custom home
Who can an appraisal be completed by?
A licensed appraiser using USPAP standards
MLS is an acronym for which of the following?
Multiple listing system
What is a BPO?
Broker price option
What are the four major real estate licensee sale specialties?
Residential, commercial, industrial agriculture
