Post Licensing Education for FL Real Estate Sales Associate - PRACTIVE EXAM 100 QUESTIONS AND CORRECT ANSWERS.
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Course
FL Real Estate
Institution
FL Real Estate
Post Licensing Education for FL Real Estate Sales Associate - PRACTIVE EXAM 100 QUESTIONS AND CORRECT ANSWERS.
A comparative market analysis (CMA) with adjustments assumes that
adjustments for differences have been made to the comparable property.
The point where the business cycle, at its hig...
Post Licensing Education for FL Real Estate Sales
Associate - PRACTIVE EXAM 100 QUESTIONS AND
CORRECT ANSWERS.
A comparative market analysis (CMA) with adjustments assumes that
adjustments for differences have been made to the comparable property.
The point where the business cycle, at its highest point, levels off and begins to
fall is called
recession
A licensed sales associate employs a salaried, unlicensed personal assistant.
The assistant hands out brochures at an open house but does not do any selling,
nor does she write contracts. Which is TRUE?
This activity is allowed
Which is FALSE about fair housing?
An apartment building owner may assign families with children to one particular building
if older people live in the other buildings.
The BEST and least expensive method of renting or leasing residential properties
is the use of
referrals from satisfied tenants
Joining Toastmasters is an effective way to improve which skill?
Oral communication
Sales associates should spend MOST of their time working with buyers who have
to move into the area in 60 days from out of town.
A real estate contract given to one broker as sole agent for the sale of an owner's
property, with a commission going to that broker regardless of who actually sells
the property during the contract period, is
an exclusive-right-to-sell listing.
Which is the LEAST likely to help a sales associate obtain a listing?
Sympathy
Unlicensed personal assistants
who are directed by the sales associate in how to do their jobs cannot be classified as
independent contractors, and must pay withholding taxes.
Which FSBO activity is more likely to generate a listing?
Visiting
City and county taxes are $760. The closing date is September 15, and the buyer
is charged for the day of closing. Using the 365-day method, what is the proration
of taxes between the seller and the buyer?
Debit seller; credit buyer $535.12
The answer is debit seller; credit buyer $535.12. The daily rate for property taxes is
$2.0822 ($760 ÷ 365). The seller has occupied the property for 257 days. 257 × 2.0822
= $535.12.
, The monthly payment for principal and interest is $663.81. Annual insurance is
$720. City and county taxes are $760 annually. Mortgage insurance premium is
$50.18 per month, what is the total monthly payment (PITI) on the mortgage?
$837.32.
Monthly payment is calculated by adding principal and interest (given in the problem),
and 1/12 of the taxes, hazard insurance, and PMI. $663.81 principal and interest +
$63.33 taxes + $60.00 insurance + $50.18 PMI = $837.32 total.
If a buyer raises an objection to a property, the associate should first
confirm and isolate the objection.
The BEST location for making a listing presentation to prospective sellers is the
kitchen or dining table.
When annual debt service is subtracted from net operating income, the resulting
amount is the
cash flow
The first step when meeting the sellers for a listing appointment is to
break the ice.
A broker who sends a fax must have
an established business relationship with the recipient.
When calculating a property's net operating income, such items as depreciation,
income taxes, and property financing costs are
excluded from consideration.
The monthly report of housing starts is
an extremely important economic indicator.
The BEST way to acquire product knowledge is to
be in the marketplace
A very important social media site for uploading and viewing videos is
youtube
A sales associate who has been licensed for eight years did not renew his license
this year. What is his status?
Involuntary inactive
A commercial broker allows one sales associate to act as a single agent for the
buyer and another sales associate to act as a single agent for the seller. Both the
buyer and the seller have assets of more than $1 million, and each agrees to this
form of representation. The situation describes a
designated sales associate.
A potential seller has a home worth $240,000 with a mortgage balance of
approximately $199,000. The sales associate assures him that a 6% commission
should be acceptable. The commission as a percentage of the seller's equity is
35%
Where the agreement of the parties is contrary to any of the provisions or
standards in a preprinted sales contract, it is BEST to
insert one or more special clauses in an addendum to the contract
Shady Acres neighborhood has had 103 homes sold last year out of 560 homes in
the area. Sunny Hills neighborhood has had 87 homes sold with 400 total homes.
Windy Woods neighborhood has had 150 homes sold with 800 total homes. Still
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