Florida Real Estate Chapter 1 Review / Questions & Expertly Verified Answers,
2025 / 2026
Stretch your brain before your first study session Terms in this set (31) Learn / Study with Learn Managing property for absentee owners by maximizing profits and preserving the property.Choose matching term 1Custom Building2Residential Sales defined by Florida 3Speculative Building4Property Management Don't know? 1 / 2
Sales Associate License Qualifications (F.S. 475.17) -18 Years of Age -High school diploma Honest, Trustworthy, of good character and have a- reputation for fair dealing -Does NOT have to be a Florida resident or U.S.citizent Custom BuildingBuilding to the owner's specifications.Farming Specializing in one type or style of property, or in a particular neighborhood.Appraising The art of estimating value of property, where the fee is based on the time, expense and difficulty resulting in a non-biased defensible opinion of value.Property Management Managing property for absentee owners by maximizing profits and preserving the property.Florida Statute 475 The Florida statute designated as "The Real Estate License Law." Local Government Regulations Planning, zoning, real estate taxes building and health codes.State Government Regulations Roads, waterways, state documentary taxes on all property transfers.Federal Government Regulations National monetary supply, legislation affecting lending institutions.Dedication When a developer conveys the streets and sidewalks in a subdivision to the city.Tract BuildingDevelopers utilizing model homes to make sales from.Speculative Building A contractor builds on his/her own land and looks for a buyer after completing construction.Certified Property Manager Designation awarded by the Institute of Real Estate Management (IREM)
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