Unit 1: Course Overview: The Real Estate Business
1% of the state exam
- absentee owner
- appraisal
- appraiser
- broker price opinion (BPO)
- business broker
- business opportunity
- community association manager (CAM)
- comparative market analysis (CMA)
- dedication
- farm area (target market)
- follow-up
- multiple listing service (MLS)
- property management
- property manager
- real estate brokerage
- subdivision plat map
- uniform standards of professional appraisal practice (USPAP)
Unit 2: Real Estate License Law and Qualifications for Licensure
6% of the state exam
- adjudication withheld
- broker
- broker associate
- compensation
- expungement
- Florida resident
- license / registration
- mutual recognition agreement
- nolo contendere / no contest
- owner-developer
- prima facie evidence
- real estate services
- reciprocity
- sales associate
- sealed
Unit 3: Real Estate License Law and Commission Rules
2% of the state exam
- active/inactive
- canceled
- cease to be in force
- current mailing address
- current status
- group license
- involuntarily inactive
- license authority voided
- multiple licenses
- null and void
- probation
- promulgates
- voluntarily inactive
Unit 4: Authorized Relationships, Duties and Disclosure
7% of the state exam
- agent
- caveat emptor
- consent to transition
- customer
- designated sales associate
- dual agent
- fiduciary
- general agent
- limited representation
- nonrepresentation
- principal
- residential sale
- single agent
- special agent
- subagency
- transaction broker
Unit 5: Real Estate Brokerage Activities and Procedures
12% of the state exam
- arbitration
- blind advertisement
- commingle
- conflicting demands
- conversion
- corporation (INC)
- deposit
- earnest money
- escrow account
- escrow disbursement order (EDO)
- failure to account and deliver
- general partnership
- good-faith doubt
- interpleader
- kickback
- limited liability company (LLC)
- limited liability partnership (LLP)
- limited partnership
- litigation
- mediation
- ostensible partnership
- personal assistant
- professional association (PA)
- point of contact information
- sole proprietorship
- team advertising
- trade name
Unit 6: Violations of License Law, Penalties and Procedures
3% of the state exam
- breach of trust
- citation
- complaint
- concealment
- culpable negligence
- formal or administrative complaint
- fraud
- legally sufficient
- misrepresentation
- moral turpitude
- notice of noncompliance
- probable cause
- recommended order
- stipulation
- subpoena
- summary/emergency suspension order
- voluntary relinquishment for permanent revocation
Unit 7: Federal and State Laws Pertaining to Real Estate
3% of the state exam
- blockbusting
- familial status
- handicap status
- property report
- public accommodation
- redlining
- subdivided land
- steering
Unit 8: Property Rights: Estates and Tenancies; Condominiums, Cooperatives, Community Development Districts, Homeowner Associations, and Time-Sharing
8% of the state exam
- condominium
- cooperative
- declaration
- estate for years
- exempt property
- fee simple estate
- fixture
- freehold estate
- homestead
- joint tenancy
- land
- leasehold estate
- life estate
- personal property
- proprietary lease
- Prospectus
- real estate
- real property
- remainderman
- right of survivorship
- separate property
- tenancy at sufferance
- tenancy at will
- tenancy by entireties
- tenancy in common
- time-share
Unit 9: Title, Deeds and Ownership Restrictions
7% of the state exam
- abstract of title
- acknowledgment
- actual notice
- adverse possession
- alienation
- assignment
- chain of title
- condemnation
- construction lien
- constructive notice
- deed
- deed restriction
- easement
- eminent domain
- encroachment
- escheat
- further assurance
- general warranty deed
- grantee
- granting clause
- grantor
- gross lease
- ground lease
- habendum clause
- intestate
- lien
- net lease
- percentage lease
- police power
- quiet enjoyment
- quitclaim deed
- seisin
- sublease
- testate
- title
- variable lease
- warranty forever
Unit 10: Legal Descriptions
5% of the state exam
- base line
- check
- government survey system
- legal description
- lot and block
- metes and bounds
- monument
- point of beginning
- principal meridian
- range
- section
- survey
- tier
- township
- township line
Unit 11: Real Estate Contracts
12% of the state exam
- assignment
- attorney-in-fact
- bilateral contract
- competent
- contract
- exclusive-agency listing
- exclusive-right-of-sale listing
- fraud
- liquidated damages
- meeting of the minds
- net listing
- novation
- open listing
- option contract
- Statute of Frauds
- Statute of Limitations
- unenforceable
- unilateral contract
- valid contract
- void contract
- voidable contract
Unit 12: Residential Mortgages
9% of the state exam
- acceleration clause
- assumption
- blanket mortgage
- buydown
- contract for deed (land contract)
- defeasance clause
- deed in lieu of foreclosure
- discount points
- due on sale clause
- equity
- equity of redemption
- escrow
- estoppel certificate
- hypothecation
- interest
- lien theory
- lis pendens
- land development loans
- loan origination fee
- loan servicing
- loan-to-value ratio
- mortgage
- mortgagee
- mortgagor
- note
- novation agreement
- partial release clause
- PITI
- prepayment clause
- prepayment penalty
- receivership clause
- right to reinstate
- satisfaction of mortgage
- short sales
- subject to
- subordination agreement
- take-out commitment
- title theory
Unit 13: Types of Mortgages and Sources of Financing
4% of the state exam
- adjustable rate mortgage (ARM)
- amortized mortgage
- balloon payment
- biweekly mortgage
- conforming loan
- conventional mortgage loan
- disintermediation
- home equity conversion mortgage (HECM)
- home equity loan
- index
- intermediation
- level payment plan
- lifetime cap
- margin
- mortgage insurance premium (MIP)
- mortgage broker
- mortgage fraud
- mortgage loan originator (MLO)
- negative amortization
- nonconforming loan
- nonconventional loan
- package mortgage
- partially amortized/balloon mortgage
- payment cap
- periodic cap
- purchase money mortgage
- reverse mortgage (HECM)
- teaser rate
- UFMIP
Unit 14: Real Estate Related Computations and Closing of Transactions
6% of the state exam
Unit 15: The Real Estate Markets and Analysis
1% of the state exam
Unit 16: Real Estate Appraisal
8% of the state exam
- appraisal
- assemblage
- automated valuation models
- comparative market analysis (CMA)
- cost-depreciation approach
- curable
- depreciation
- economic life
- federally related transaction
- gross income multiplier (GIM)
- gross rent multiplier (GRM)
- highest and best use
- income approach
- incurable
- market value
- over-improvement
- plottage
- principle of substitution
- progression
- reconciliation
- regression
- replacement cost
- reproduction cost
- sales comparison approach
- situs
- subject property
- Uniform Standards of Professional Appraisal Practice (USPAP)
- valuation
Unit 17: Real Estate Investments and Business Opportunity Brokerage
2% of the state exam
- appreciation
- asset
- basis
- capital gain (loss)
- cash flow
- equity
- going concern value
- goodwill
- leverage
- liquidation analysis
- liquidity
- Real estate investment trust (REIT)
- risk
- tax shelter
Unit 18: Taxes Affecting Real Estate
3% of the state exam
- ad valorem
- assessment limitation (save our homes benefit)
- assessed value
- capital gains
- community development districts
- debt service
- exempt properties
- installment sale
- immune properties
- just value
- like-kind exchange
- mill
- special assessment
- tax rate
- taxable income
- taxable value
Unit 19: Planning and Zoning
1% of the state exam
- asbestos
- buffer zone
- building code
- building inspection
- building permit
- certificate of occupancy
- concurrency
- environmental impact statement
- health ordinance
- nonconforming use
- planned unit development
- special exception
- special flood hazard area
- special purpose property
- variance
- zoning ordinance
Sources: FREC Course I syllabus ยท DBPR state exam content outline and percentages
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