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