Florida Real Estate Pre-License Study Guide

This set of flashcards covers key concepts from the Florida Real Estate Pre-License Study Guide, focusing on definitions and responsibilities within the real estate business.

A is the name for the person who runs a real estate brokerage.

broker

A is the physical building where brokers and their sales associates often work.

brokerage

The job responsibilities of property managers include acquiring and maintaining positive relationships with them.

tenants

The is a written contract between a property owner and a property manager to establish duties.

management agreement

An appraisal is an official of a property’s value.

valuation

A is a report that compares the prices of recently sold or listed homes in order to estimate the market value of a similar property.

comparative market analysis (CMA)

A broker price opinion (BPO) is a broker’s opinion of the of a piece of real property, given in writing.

value

Zoning is the division of land within a jurisdiction into separate districts within which uses are , prohibited, or permitted with conditions.

permitted

Property management involves the vocation of renting or leasing someone else's real property on behalf of the owner in exchange for .

compensation

Business real estate does not center around property but focuses on the buying and selling of a .

business