In a Ocala transaction, a buyer wants the Florida rule on ordinary-course-of-business valuation services. Which statement is correct?
Correct Answer
C) A sales associate's work on valuation services occurs through the supervising broker's authority and assignment structure.
A sales associate's work on valuation services occurs through the supervising broker's authority and assignment structure. This follows Pearson VUE Florida Sales Associate CIB – Valuation topics; current Florida brokerage valuation practice.
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Under Florida real estate law, what disclaimer must be included when a licensee provides a CMA to a client?
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A Florida real estate licensee is preparing a Comparative Market Analysis (CMA) for a seller in Tampa. The licensee includes three comparable properties, market trends, and days on market data. However, the licensee titles the document 'Property Appraisal Report' and charges a separate $500 fee for the analysis. What issue exists with this scenario?