Real Estate Exam FL Sales Associate (Questions with correct solutions) State Exam FLORIDA REAL ESTATE (A GRADED) FLORIDA Real Estate Pre-License Exam Review (Verified with complete answers) Florida Real Estate Broker Exam (A GRADED)
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Owners that buy income properties as investments and depend on professionals to manage them correct answers Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal correct answers CMA -Comparative Market Analysis... A contractor ...
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Add to cartOwners that buy income properties as investments and depend on professionals to manage them correct answers Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal correct answers CMA -Comparative Market Analysis... A contractor ...
Joint Ventures correct answers is a temporary form of business arrangement often encountered in real estate business. Trade Names correct answers is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. co...
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Add to cartJoint Ventures correct answers is a temporary form of business arrangement often encountered in real estate business. Trade Names correct answers is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. co...
Abandonment correct answers A surrender of rights; point when a broker makes no effort to service or sell listed property; failure to perform. Absentee owner correct answers A property holder who does not reside on the property and who usually relies on a property manager to supervise the investm...
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Add to cartAbandonment correct answers A surrender of rights; point when a broker makes no effort to service or sell listed property; failure to perform. Absentee owner correct answers A property holder who does not reside on the property and who usually relies on a property manager to supervise the investm...
The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law correct answers D. FREC and the ...
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Add to cartThe best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law correct answers D. FREC and the ...
Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REA...
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Add to cartWhich statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REA...
Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 ...
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Add to cartLinda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 ...
Absentee Owner correct answers A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title correct answers A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opin...
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Add to cartAbsentee Owner correct answers A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title correct answers A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opin...
Abstract of tittle correct answers Condensed history of title to real property consisting of a summary of the links in the "chain of title" obtained from documents bearing on the title status. Acceleration Clause correct answers An agreement in a mortgage that the entire unpaid balance of the deb...
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Add to cartAbstract of tittle correct answers Condensed history of title to real property consisting of a summary of the links in the "chain of title" obtained from documents bearing on the title status. Acceleration Clause correct answers An agreement in a mortgage that the entire unpaid balance of the deb...
When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate correct answers the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of th...
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Add to cartWhen money is paid out of the RE recovery fund, on behalf of a Florida Real Estate correct answers the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of th...
A sales associate works under correct answers the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal correct answers With a flat fee The product/service that all real estate professionals sell is correct answers their expert knowledge...
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Add to cartA sales associate works under correct answers the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal correct answers With a flat fee The product/service that all real estate professionals sell is correct answers their expert knowledge...
A Business Broker correct answers Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is correct answers Keeping in contact with the new owner after the closing of the sale ...
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Add to cartA Business Broker correct answers Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is correct answers Keeping in contact with the new owner after the closing of the sale ...
Brokers who list and sell smaller businesses are correct answers business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a correct answers subdivision plat map. Investors who don't live on th...
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Add to cartBrokers who list and sell smaller businesses are correct answers business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a correct answers subdivision plat map. Investors who don't live on th...
Real estate investment trust that are formed to buy, own and manage investment projects are called correct answers Equity trust What Fl statute created the Department of business and professional regulation correct answers FL 455 Universal Agent correct answers All matters by power of attorney...
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Add to cartReal estate investment trust that are formed to buy, own and manage investment projects are called correct answers Equity trust What Fl statute created the Department of business and professional regulation correct answers FL 455 Universal Agent correct answers All matters by power of attorney...
Absentee Owner correct answers An owner who does not reside on the property and who usually relies on a property manager to supervise the real estate Agricultural, 10 correct answers ___ property is defined in Florida license law to mean agricultural property of more than __ acres. Appraisal c...
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Add to cartAbsentee Owner correct answers An owner who does not reside on the property and who usually relies on a property manager to supervise the real estate Agricultural, 10 correct answers ___ property is defined in Florida license law to mean agricultural property of more than __ acres. Appraisal c...
Samuel wants to do a 1031 exchange. He sold his investment property and has identified the property he'd like to buy next. Within how many days must he close on this property in order for it to qualify as part of the exchange? correct answers a. 180 b. 30 c.45 d.60 a. He has 45 days to identi...
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Add to cartSamuel wants to do a 1031 exchange. He sold his investment property and has identified the property he'd like to buy next. Within how many days must he close on this property in order for it to qualify as part of the exchange? correct answers a. 180 b. 30 c.45 d.60 a. He has 45 days to identi...
RE licensee provide specialized service in 5 areas correct answers Details of property transfer Knowledge of market conditions Knowledge of how to market RE or businesses Knowledge of how to analyze buyers needs Knowledge of laws that pertain to RE Sales and leasing correct answers RE sales i...
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Add to cartRE licensee provide specialized service in 5 areas correct answers Details of property transfer Knowledge of market conditions Knowledge of how to market RE or businesses Knowledge of how to analyze buyers needs Knowledge of laws that pertain to RE Sales and leasing correct answers RE sales i...
In which area of brokerage has absentee ownership increased the demand? correct answers Property management How is a real estate appraiser typically paid? correct answers A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve cor...
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Add to cartIn which area of brokerage has absentee ownership increased the demand? correct answers Property management How is a real estate appraiser typically paid? correct answers A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve cor...
Florida real estate correct answers Residential property in Florida is a family home that is a single family dwelling, a duplex, a triplex (3units) or a quad (4 units) or vacant land that has been zoned for 4 units or less. Farm/Agriculture residential is a family home on less than 10 acres land. C...
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Add to cartFlorida real estate correct answers Residential property in Florida is a family home that is a single family dwelling, a duplex, a triplex (3units) or a quad (4 units) or vacant land that has been zoned for 4 units or less. Farm/Agriculture residential is a family home on less than 10 acres land. C...
When money is paid out of the Real Estate Recovery Fund, on behalf of a Florida real estate licensee: a. the licensee's license will be automatically suspended b. the maximum amount that can be reimbursed in any single transaction in $50,000 c. the judgment holder cannot be reimbursed for att...
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Add to cartWhen money is paid out of the Real Estate Recovery Fund, on behalf of a Florida real estate licensee: a. the licensee's license will be automatically suspended b. the maximum amount that can be reimbursed in any single transaction in $50,000 c. the judgment holder cannot be reimbursed for att...
Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor correct answers...
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Add to cartWhich statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor correct answers...
administrative law correct answers Body of law created by administrative agencies in the form of rules, regulations, orders, and decisions. agent correct answers A person entrusted with another's business; the person authorized by the principal to act on the principal's behalf. at arm's len...
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Add to cartadministrative law correct answers Body of law created by administrative agencies in the form of rules, regulations, orders, and decisions. agent correct answers A person entrusted with another's business; the person authorized by the principal to act on the principal's behalf. at arm's len...
The Department of Business and Professional Regulation DPBR or Department correct answers Created by F.S 475 to provide licensing, oversight, and regulation of businesses and professions. Principal offices in Tallahassee FL Secretary of the Department correct answers Appointed by the Governor. N...
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Add to cartThe Department of Business and Professional Regulation DPBR or Department correct answers Created by F.S 475 to provide licensing, oversight, and regulation of businesses and professions. Principal offices in Tallahassee FL Secretary of the Department correct answers Appointed by the Governor. N...
Caveat emptor correct answers Let the buyer beware RE license law correct answers 1923. Chapter 475 of the Florida statutes. Passed by the Florida legislature. 3 regulatory bodies correct answers DBPR (over many industries) DRE (Real estate) FREC DRE correct answers Division of RE provide...
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Add to cartCaveat emptor correct answers Let the buyer beware RE license law correct answers 1923. Chapter 475 of the Florida statutes. Passed by the Florida legislature. 3 regulatory bodies correct answers DBPR (over many industries) DRE (Real estate) FREC DRE correct answers Division of RE provide...
Complaints against licensees are confidential until _____ days after probable cause is found to exist. correct answers 10 Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There after the licensee has ____ days to take corrective action. correct ...
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Add to cartComplaints against licensees are confidential until _____ days after probable cause is found to exist. correct answers 10 Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There after the licensee has ____ days to take corrective action. correct ...
Brokerage offices correct answers All active Fl RE brokers are required to have an office and to register the office with DBPR. Sales assoc are not permitted to open offices of their own. They must be registered from and work out of an office maintained and registered in the name of their employer. ...
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Add to cartBrokerage offices correct answers All active Fl RE brokers are required to have an office and to register the office with DBPR. Sales assoc are not permitted to open offices of their own. They must be registered from and work out of an office maintained and registered in the name of their employer. ...
Real Estate Business correct answers Is composed of many specialization's: (1) Details of Property Transfer -Knowledge of: (2) market conditions (3) how to market real estate business (4) how to analyze buyers needs (5) laws that pertain to real estate Real Estate Brokerage correct answer...
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Add to cartReal Estate Business correct answers Is composed of many specialization's: (1) Details of Property Transfer -Knowledge of: (2) market conditions (3) how to market real estate business (4) how to analyze buyers needs (5) laws that pertain to real estate Real Estate Brokerage correct answer...
who owes fiduciary duties in an agency relationship correct answers the broker only which activity does not exemt from the requirement to provide disclosure under the brokerage relationship disclosure act correct answers showing property to a party that is not being represented as an agent a b...
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Add to cartwho owes fiduciary duties in an agency relationship correct answers the broker only which activity does not exemt from the requirement to provide disclosure under the brokerage relationship disclosure act correct answers showing property to a party that is not being represented as an agent a b...
Technical skills correct answers Skills that include time management, preparing Cmas, and completing contracts. Desk cost correct answers Dividing total office expenses by number of sales associates Institutional advertising correct answers Advertising that describes the firm, its personnel, a...
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Add to cartTechnical skills correct answers Skills that include time management, preparing Cmas, and completing contracts. Desk cost correct answers Dividing total office expenses by number of sales associates Institutional advertising correct answers Advertising that describes the firm, its personnel, a...
When did Florida pass its first Real Estate Law? correct answers 1923 When was the FREC created? correct answers 1926 What is the purpose of the FREC? correct answers protect the public What is the DBPR? correct answers Department of Business and Professional Regulation What is the Missi...
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Add to cartWhen did Florida pass its first Real Estate Law? correct answers 1923 When was the FREC created? correct answers 1926 What is the purpose of the FREC? correct answers protect the public What is the DBPR? correct answers Department of Business and Professional Regulation What is the Missi...
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