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| what a sales associate does after a sale to the seller or buyer |
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| 4 or fewer residential units (or) property with 10 or fewer acres |
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| Person or company hired to manage properties |
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| Estimating the value of real property |
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| Brokers price opinion, distressed properties, short sale |
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| Part 1 Real estate brokerage |
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| what PROOF is not required of the Sales Associate? |
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| DBPR May issue temp license for who?? |
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| Spouse of active duty member of armed forces |
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Definition
| Person surrenders license |
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| who may obtain a Multiple license? |
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Definition
| A broker who qualifies as the broke with more than one business entity |
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| Who may obtain a group license? |
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Definition
| A sales associate or broker associate registered under owner developer |
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Definition
| provides limited representation to a buyer or seller |
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| Transaction broker relationship |
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Definition
| Buyer is not responsible for the acts of the licensee |
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| They must always disclose all know facts |
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Definition
| Licensee have the duty of disclosing all material defects |
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| Present all offers and counter offers |
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Definition
| present all offers, unless a party has directed the licensee otherwise in writing |
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| Transaction broker for a seller |
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Definition
| Transaction broker or No brokerage relationship with the buyer |
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Definition
| No brokerage relationship with the buyer |
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Definition
| Represent or provide Real Estate Services |
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| Fail to disclose license name |
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Definition
| payment or partial payment connected to a real estate transaction |
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| Account to deposit $ disinterested 3rd party (Trust Fund) |
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Definition
| buyer and seller make demands regarding disbursement of escrow funds |
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| Broker Does NOT have financial claim |
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| Mediation- Arbitration - Litigation - Escrow Disbursement Order |
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Definition
| unearned fee paid for non real estate service |
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| Conduct contrary to honesty, and good morals |
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| Facts indicating a violation occurred |
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| Findings & Conclusions and recommended penalty |
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| Falsifying an application can result in |
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Fair Housing Poster
FRESH CORN |
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Definition
| FRSH CRN Race religion Etc. |
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Definition
| Channeling buyers away from certain properties |
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| Persuade owner into selling |
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| How many days does the landlord have to notify, if he decides to make a claim?? |
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| How many days does a landlord have if he decides not to make a cliam |
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Definition
| 15 days to return deposit |
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Definition
Gradual loss of land
(natural forces) |
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| Gradual receding of water uncovering additional land |
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Definition
Intent of the parties
Relationship of the parties
Method OR Degree of attachment
Adaptation of the item |
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Definition
| Protection from debt collectors |
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Definition
| ownership by 2 people at the same time |
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Definition
| Direct Knowledge (witnessed) |
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| Recording Information in public record |
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| Promise that grantor ownes |
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Definition
| From left to right or east and west on the grid (Map) |
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| Townships runs up and down OR north and south |
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| Accelerate or advance the due date |
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Total Obligations Ratio
(TOR) |
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| Measure of borrowers monthly installment |
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| Buyer is likely to pay at closing |
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(OTS)
Office of Thrift Supervision |
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| Owner invest more $ knowing he can reasonably get back |
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Definition
Demand
Utility
Scarcity
Transfer |
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Definition
Used to divide pieces of property
Ex, Trees between subdivision and shopping center |
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| get a good night sleep before the test, and............ |
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Definition
| Good luck YOU CAN do it!!!! |
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