Florida Real Estate Pre-License Study Guide

These flashcards cover essential concepts and terms from the Florida Real Estate Pre-License Study Guide.

A __ is an official valuation of a property’s value.

appraisal

A person who runs a brokerage is known as a __.

broker

The document that outlines a property manager's duties is called a __.

management agreement

__ real estate typically refers to properties that generate revenue for their owners.

Commercial

The process of selling or leasing real estate involves various types, including residential, commercial, __, and agricultural.

industrial

__ marketing involves focusing on a specific group to grow a client base.

Target

A __ refers to a written value opinion given by a broker.

broker price opinion (BPO)

The process of obtaining building permits, complying with zoning laws, and submitting plans for approval occurs during the __ stage.

initial planning

A __ is written between a property owner and a property manager to define management responsibilities.

management agreement

Legal guidelines regulating real estate appraisals and practices are known as __.

Uniform Standards of Professional Appraisal Practice (USPAP)