Licensee’s Role and Responsibilities

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Welcome to the course!
The Real Estate Business
Law & Qualifications
License Law And Commission Rules
Authorized Relationships, Duties, And Disclosure
Brokerage Offices and Branch Requirements
Violations Of License Law, Penalties And Procedures
Chapter 8
Property Rights
Title, Deeds And Ownership Restrictions
Legal Descriptions
- Purpose of Legal Descriptions
- Surveys
- Surveying land
- Licensee’s Role and Responsibilities
- Metes-and-Bounds descriptions
- Metes-and-Bounds
- The North-South Line
- Government Survey System
- Principal Meridian and Base Line
- Range Lines
- Tier or Township
- Sections (The 36 Blocks)
- The Math
- Lot and Block Survey Method “The Suburban Map"
- Assessor's Parcel Number (APN)
- Tax Maps
- The Assessment Roll
- Chapter 11 Quiz 10 xp
Real Estate Contracts
Residential Mortgages
Types of mortgages
Real Estate Related Computations And Closing Of Transactions
The Real Estate Markets And Analysis
Real Estate Appraisal
Real Estate Investments And Business Opportunity Brokerage
Taxes Affecting Real Estate
Planning, Zoning And Environmental Hazards
Course Assessments

FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Legal Descriptions

Section 4 of 17

Real estate licensees must be extremely careful when inserting legal descriptions into contracts. Even small mistakes, including punctuation errors, can cause serious title problems. While errors can sometimes be corrected before closing, mistakes may delay the transaction, cause the licensee to lose a commission, or even result in legal liability. To avoid these issues, real estate professionals should always copy the legal description from a reliable source, such as the current deed or the county property appraiser’s or tax roll website.There are three types of legal descriptions used today: (1) metes-and-bounds(2) government survey system(3) lot and block descriptions.