Shared Flashcard Set

Details

Chapter 1
Florida Real Estate Principles, Practices and Law
12
Real Estate & Planning
Professional
07/30/2011

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Follow-up
Definition
The sales associate that worked with the buyer in the transaction sets up an appointment with the buyers to visit them six weeks after the sale. The sales associate routinely makes a visit after the title closing to thank the buyers for choosing her real estate company and to extend an offer to help with the buyers' future real estate needs. What type of service is the sales associate providing?
Term
Deed restrictions
Definition
Which instrument can be used by a property owner to control how a particular parcel of real property may be utilized by future property owners?
Term
Comparative Market Analysis
Definition
A marketing tool used by real estate licensees in the process of soliciting for listings that is intended to help sellers determine an asking price
Term
15 acres of undeveloped agricultural land
Definition
Which property would be defined as agricultural property under Chapter 475 of the Florida statutes?
Term
Subdivision plat map
Definition
A map that indicates the size and location of individual lots, streets, and public utilities within a new development
Term
Eight acres of agricultural property
Definition
Which property is defined as residential real estate under Chapter 475, Florida statutes?
Term
Identification of coastal regions
Definition
In which way does state government influence the real estate business?
Term
Tract home
Definition
A couple trous serveral model homes in a new subdivision. THe couple decides to purchase one of the available lots and have the builder construct one of the model floor plans on the lot. Which type of construction is this?
Term
Yes, all of the licensees working for a company that belongs to the local REALTOR association must also join the association
Definition
A new real estate licensee interview with several real estate companies. Excel REal Estate Company belongs to the local real estate association of REALTORS. If the new sales associate decides to work for Excel REal Estate Company, will the licensee have to join the REALTOR association?
Term
Restrictive covenants
Definition
Which document would contain information regarding the architectural design standards that must be used in a particular subdivision?
Term
Real estate license
Definition
What type of license or other credential is required for an individual to engage in the sale, purchase, or lease of businesses for others?
Term
Dedication
Definition
A developer transfers to the city privately owned streets in a subdivision with the agreement that the city will maintain the streets in the future. What process is this?
Supporting users have an ad free experience!