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Florida Real Estate
Chapter 1
29
Real Estate & Planning
Not Applicable
06/05/2005

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
absentee owner 1
Definition
A property holder who does not reside on the property. 1
Term
agricultural
Definition
property zoned as such consisting of 10 or more acres
Term
appraisal
Definition
proffessional service provided by a registered licensed or certified appraiser or real estate licensee to produce an estimate value.
Term
business brokers
Definition
real estate licensees who engage in the sale, purchase, or lease of businesses.
Term
business opportunity brokerage
Definition
the real estate activity dealing in the sale, purchase, or lease of businesses.
Term
comparitive market analysis (CMA)
Definition
an informal estimate of market value performed by a real estate licensee.
Term
counselors
Definition
proffesionals who analyze potential real estate problems and recommend a course of action.
Term
dedication
Definition
an offer of land for public use by an owner.
Term
farm area
Definition
a selected an limited geographical district to wich a sales associate devotes special attention.
Term
follow-up
Definition
what a sale associate does after a sale to maintain customer contact and good will.
Term
property management
Definition
the leasing, managing, marketing, and overall maintenance of property for others.
Term
real estate business
Definition
a commercial activity in wich conducts business in real estate for compensation.
Term
restrictive covenants
Definition
conditions placed by developers that affect how the land can be used in an entire subdivision.
Term
subdivision plat map
Definition
a plan of a tract of land subdivided into lots and showing required or planned amenties.
Term
FREC
Definition
Florida Real Estate Commission
Term
First Real Estate Law
Definition
1919
Term
First Florida Real Estate Law
Definition
1923
Term
D. P. R.
Definition
department of professional regulations
Term
DBR
Definition
department of business regulations
Term
DBPR
Definition
department business and professional regulations formed and 1993
Term
61j2
Definition
Florida rules for real estate
Term
does an appraiser receive a commission
Definition
and appraiser receives a fee
Term
can a realitor do an appraisal
Definition
yes it cannot be a federally related transaction no bank below cash deals are OK providing they follow the uniform standards of professional appraisal practice USPAP
Term
plat map
Definition
used to protect consumers shows utilities roads and sewers
Term
subdividing
Definition
the process of converting parcels of land to into smaller units or lots
Term
development
Definition
the process of improving raw land so that it can be put to productive use
Term
3 types of residential construction
Definition
spec homes, custom homes, tract homes
Term
5 major sales specialties
Definition
residential, commercial, industrial, agricultural and business
Term
roles of government
Definition
local government- impacts the real estate business through property taxation and regulatory activities such as building permits and zoning. State government- owns and manages a large amount of property and identifies coastal regions and other areas that are protected from development. State documentary and intangible taxes are required when ownership to real property is transferred. federal government- impacts the real estate business through its fiscal and monetary policies.
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