Florida Real Estate Exam 2022 with complete solutions.
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Course
Florida Real Estate
Institution
Florida Real Estate
Florida Real Estate Exam 2022 with complete solutions.Owners that buy income properties as investments and depend on professionals to manage them
Absentee Owners
a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal
CMA -Comparative Market A...
florida real estate exam 2022 with complete solutions
owners that buy income properties as investments and depend on professionals to manage them
a value estimated based on resent sales of similar pr
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Florida Real Estate Exam
Owners that buy income properties as investments and depend on professionals to
manage them - Answer Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - Answer CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's
specifications - Answer Custom Building
When a contractor builds on his own land with the hope of locating a purchaser after
construction has been completed - Answer Speculative building
A developer that acquires a large that aquires a large tract of land and builds a model
center from which sales may be made - Answer tract building
Property management has grown as a service of real estate primarily bc of an increase
of _______ _________ - Answer Absentee Ownership
The category of construction that applies when a property owner employs a contractor
to build on his or her lot is called________ ___________ - Answer Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - Answer C. the time and difficulty of the appraisal
A developer contracts to build a home on a buyer's lot to the buyer's specifications. This
is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision - Answer b. custom
A Florida Real Estate lisence is required when anyone performs a service is specified
under
F.S. 475 when all the following conditions are simultaneously present, unless that
individual is otherwise exempt under the law: - Answer 1. Preforming a service of real
estate
2. In the state of Florida
3. For another
4. For compensation
_________ has been defined to include anything or any service of Value paid, recieved
or expected to be paid or recieved. - Answer Compensation
, Florida Real Estate Exam
The postlicense educational course for sales associate consists of ________ hours -
Answer 45
The continuing education requirement consists of ______ hours - Answer 14
Florida Real estate sales associates that desire to become brokers must wait _______
________ before taking the state exam. - Answer one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant
for the same complex. - Answer $50
________ ________ education must be completed during the initial sales associates's
license period. - Answer Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary - Answer d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been employed for a
minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker - Answer c. 12 months under 1 or
more actively licensed brokers
How many hours of postlicense education are required to renew a brokers license? -
Answer 60 hours
How long can an voluntary inactive licencee remain in that lisence status? - Answer
indefinately
The agreement the state of Florida has w/ some other states that recognises the
similarity in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing - Answer b. mutual recognition
A plumber has been appointed by a court to appraise a small business. The
plumber.......
a. is in violation of F.S. 475
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