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Florida Real Estate STATE Exam 2024 Questions With Solutions Latest Updated Rated 100%
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Florida Real Estate STATE Exam 2024 Questions With Solutions Latest Updated Rated 100%
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Florida Real Estate STATE exam.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Real%20Estate%20STFlorida Real Estate STATE Exam
1. 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
ANS D. FREC and the license law
2. A group license
A. allows a broker to have a branch office
B. allows a sales associate to work for more than one broker
C. may be held by a sale associate or broker associate
D. allows a broker to qualify more than one broker firm
ANS C. may be held by a sale associate or broker
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3. The following are exempt from F.S. 475 EXCEPT
A. Trustees for an estate
B. Personal representatives for an estate
C. Mortgage brokers engaged in financing activities.
D. Business Brokers
ANS D. Business Brokers
4. General Partners in a brokerage partnership that are not qualified to perform the
services of real estate must be registered as for what?
ANS For Identification Purposes
5. Which brokerage disclosure notice must be signed or initialed by the buyer or seller
before implementation?
ANS Transition to Transaction
6. When a seller is about to enter a fiduciary relationship with a brokerage firm what must
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be given?
ANS Single Agency Notice
7. A broker owes which duty to a customer?What should he disclose?
ANS Known Facts affecting the value of the residential property
8. Sale associate works for a broker and receives an escrow deposit when should he
deliver it?
ANS To his broker immediately (next business day)
9. Listings obtained by a sales associate become property of whom?
ANS Employ- ing broker
10. Jim failed his state exam twice and believes some of the questions that he answered
were indeed correct. He can write a written obligation for consider- ation for the
questions to whom?
ANS FREC Validation Committee
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