FRECI_8-8 - Lecture Preview Florida Real Estate Commission...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 8 – Lecture 8 Property Rights: Estates and Tenancies; Condos, Co-ops, and Time-Shares Copyright, 2004 2 Lecture Preview What will you learn from this lecture? Define condominiums and cooperative associations Identify the rights of buyers of condos and co-ops Copyright, 2004 3 Vocabulary Terms Condominium Cooperative (Cooperative Association) Declaration Copyright, 2004 4 Important State Statutes Cooperative Act (Ch. 719, F.S.) Time-share Act (Ch. 721, F.S.) Each act requires the developer to furnish certain disclosures and copies of key documents to prospective buyers The “Division of Florida Land Sales, Condominiums, and Mobile Homes” oversees compliance Condominium Act (Ch. 718, F.S.) Copyright, 2004 5 Cooperatives Corporation holds title to all land, improvements Indirect ownership Corporation Shares Proprietary Leases Copyright, 2004 6 Cooperatives ' Are required to pay a proportional share of the common expenses
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/21/2011 for the course FREC 1000 taught by Professor Stallone during the Spring '08 term at University of Florida.

Page1 / 3

FRECI_8-8 - Lecture Preview Florida Real Estate Commission...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online