Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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Property management is becoming more common because of what reason?

Market fluctuation
Development
Absentee owners
Financing

The correct answer is: Absentee owners

Property management is becoming more common due to absentee owners. Absentee owners are individuals who own property but do not live on or near the property. This can make it difficult for them to manage the property on their own, leading them to hire a property management company. None of the other options directly relate to the increasing commonality of property management. Market fluctuation, development, and financing can all be factors in the decision to hire a property management company, but they are not the main reason for the trend.