Real Estate 1
This term refers to the legal document that transfer ownership of real property from one party to another.
What is a deed?
What is cash flow?
The organization that sets ethical standards and provides education and certification for real estate professionals in the United States is known as what?
What is the National Association of Realtors (NAR)?
This term refers to the process by which the government takes private property for public use, with fair compensation to the property owner.
What is eminent domain?
This type of real estate scam preys on vacant landowners, tricking buyers into purchasing land from fraudulent sellers.
What is vacant land fraud?
The most important thing to do in Dotloop once all parties have signed any document.
What is submit to TM?
What is it called when an investor purchases a property, renovates it, and then sells it quickly for a profit?
What is flipping?
In order to legally practice real estate in Florida, you must work under a supervising party called this.
What is a broker?
When a property owner fails to make mortgage payments, the lender may take possession of the property through this legal process.
What is foreclosure?
Failing to disclose this type of presence on the property could land a seller in legal trouble, especially if it's known to haunt buyers after closing.
What is a material defect?
The process of determining the value of a property is known as?
What is an appraisal?
What allows you to postpone paying tax on the profit gained from the sale of an investment property if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange?
What is a 1031 Exchange?
This term refers to the process of verifying a buyer's financial qualifications before showing them homes, typically done by a lender or mortgage broker.
What is pre-qualification/pre-approval?
This legal document provides evidence of ownership of real property and is typically recorded with the county or local government.
What is the title deed?
Failing to protect this legal status could turn a primary residence into a financial horror show, exposing it to higher property taxes.
What is Homestead Exemption?
What document does a buyer need to sign before you can do anything with them?
What is a Buyer Representation Agreement?
How do you submit a sign up or down request?
What is the sign guy's website?
What law protects consumers during real estate transactions?
What is RESPA?
What protects people from discrimination when they are renting or buying a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities.
What is the National Fair Housing Act?
When a property lien holder agrees to release a lien on a property for less than what is owed is what?
What is a Short Sale?
This new form is now a requirement in the state of Florida as of Oct. 1, 2024 and must accompany all offers.
What is the Flood Disclosure?
What is the annual rally of all the Coldwell Banker agents and brokers?
What is Gen Blue?
What is the standard inspection time period for a home purchased in Florida?
What is 15 days?
When two or more individuals own property together, this legal arrangement is known as what?
What is a joint tenancy?
What year was Coldwell Banker founded?
What is 1906?