Florida Real Estate Exam Test.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Real%20Estate%20Ex
Florida Real Estate Exam Verified 100% Correct 150
Questions & Answers
1. Owners that buy income properties as investments and depend on profes-sionals to
manage them
Answer Absentee Owners
2. a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal
Answer CMA -Comparative Market Analysis...
3. A contractor is employed by an owner of land to build on that land to theowner's
specifications
Answer Custom Building
4. When a contractor builds on his own land with the hope of locating apurchaser
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after construction has been completed
Answer Speculative building
5. A developer that acquires a large that aquires a large tract of land and buildsa model
center from which sales may be made
Answer tract building
6. Property management has grown as a service of real estate primarily bc ofan increase
of
Answer Absentee Ownership
7. The category of construction that applies when a property owner employsa contractor
to build on his or her lot is called
Answer CustomBuilding
8. 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
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c. the time and difficulty of the appraisal
d. a percentage of property's sales
Answer C. the time and difficulty of the appraisal
9. 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
10. A Florida Real Estate lisence is required when anyone performs a serviceis specified
under
F.S. 475 when all the following conditions are simultaneously present, unlessthat
individual is otherwise exempt under the law
Answer
1. Preforming a service of real estate
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2. In the state of Florida
3. For another
4. For compensation
11. has been defined to include anything or any service of Valuepaid,
recieved or expected to be paid or recieved.
Answer Compensation
12. The postlicense educational course for sales associate consists of
hours
Answer 45
13. The continuing education requirement consists of hours
Answer 14
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