A Florida licensee is asked by a client to provide a comparative market analysis (CMA) for pricing strategy. The licensee should ensure the CMA:
Correct Answer
B) Contains accurate, objective market data and appropriate comparables
Correct: Professional standards require CMAs to contain accurate, objective market data with appropriate comparable properties. Why not A: Including only supportive data creates bias and misleads the client. Why not C: CMAs should include a balanced range of appropriate comparables, not just high sales. Why not D: Excluding relevant negative data prevents clients from making informed decisions.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
More Fair Housing Ada Ethics Questions
A Florida real estate licensee discovers that a property they listed has a significant foundation issue that the seller failed to disclose. The seller asks the licensee to keep this information confidential to avoid losing potential buyers. What should the licensee do?
A Florida licensee's client asks them to include a clause in a purchase contract that would circumvent local zoning restrictions. The client claims this is common practice and offers additional compensation for the licensee's cooperation. How should the licensee respond?
Which statement best describes Florida's rule on honest dealing?
A Florida broker discovers that one of their sales associates has been using the broker's license to conduct transactions while the associate's license has been suspended. What is the broker's primary legal obligation under Florida Real Property Law?
A real estate agent receives a call from a seller who states, 'I don't want to sell to anyone with children because they'll damage my beautiful home.' How should the agent respond?
- → A Florida property manager receives a request from a tenant to install grab bars in the shower due to mobility issues. The tenant offers to pay for installation and restoration. How should the manager respond?
- → In a Tampa transaction, a buyer wants the Florida rule on ADA duties for public accommodations and commercial facilities. Which statement is correct?
- → A Florida real estate licensee receives a call from a prospective buyer who asks to see only properties in neighborhoods with 'good schools and families like ours.' The caller mentions they have young children and want to avoid areas with 'too many elderly people.' How should the licensee respond according to Florida fair housing law?
- → Florida fair housing law prohibits discrimination in all of the following housing-related activities EXCEPT:
- → Scenario Cedar Review raises this Florida point. In a Tallahassee transaction, a closing coordinator wants the Florida rule on ADA duties for public accommodations and commercial facilities. Which statement is correct?
- → Under Florida law and the ADA, what constitutes a 'reasonable accommodation' in housing?
- → What is the primary difference between a 'reasonable accommodation' and a 'reasonable modification' under Florida fair housing law?
- → In Florida real estate transactions, what is the definition of 'covered multifamily dwellings' under the Fair Housing Act?
- → A Florida apartment complex built in 1995 refuses to allow a tenant with a visual impairment to install grab bars in the bathroom at their own expense. The tenant has offered to restore the bathroom when moving out. Is this refusal legal?
- → A Florida apartment complex charges a $300 pet deposit for all animals. A new tenant has a service dog and refuses to pay the deposit. What is the legally correct outcome?
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A Florida broker discovers that one of their sales associates has been using the broker's license to conduct transactions while the associate's license has been suspended. What is the broker's primary legal obligation under Florida Real Property Law?
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