Question: Farming

Answer: Concentrating on one type of style of property or on one particular neighborhood

Question: A residential transaction os defined in F.S. 475 as the sale of any:

Answer:

Question: absentee owners

Answer: owners who buy income property as investments and depend on professionals to manage them

Question: All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be developed and reported in conformity with the

Answer: Uniform Standards of Professional Appraisal Practice (USPAP)

Question: The largest and most prestigious real estate organization in the world is ________. They work for legislation enforce professional standards of conduct through its ________.

Answer: 1. The National Association of Realtors (NAR)

2. Code of Ethics

Question: The largest trade association in the state is _________

Answer: The Florida Association of Realtors (FAR)

Question: The duties required by the Code of Ethics are:

Answer: 1. Duties to clients and customers

2. Duties to the public in general

3. Duties to other real estate licensees

Question: Required Skills for the Real estate professional are:

Answer:

Question: Mission Statement

Answer: description of a desired outcome that excites, motivates, and helps you to create a mental picture of your business goal.

Question: Industrial Sales or Leasing

Answer: include warehouses and manufacturing facilities. Industrial sales and leasing generally involve user/owners, rather than investors.