Exam (elaborations)
Florida Real Estate Exam 2024/2025
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Florida Real Estate Exam 2024/2025
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Florida Real Estate Exam 2024/2025Owners that buy income properties as investments and depend on
professionals to manage them - Precise Answer ✔✔Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - Precise Answer ✔✔CMA -
Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the
owner's specifications - Precise Answer ✔✔Custom Building
When a contractor builds on his own land with the hope of locating a
purchaser after construction has been completed - Precise 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 - Precise Answer
✔✔tract building
Property management has grown as a service of real estate primarily bc
of an increase of _______ _________ - Precise 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________
___________ - Precise 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 - Precise 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 - Precise 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: - Precise
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. - Precise Answer
✔✔Compensation
The postlicense educational course for sales associate consists of
________ hours - Precise Answer ✔✔45
The continuing education requirement consists of ______ hours - Precise
Answer ✔✔14
Florida Real estate sales associates that desire to become brokers must
wait _______ ________ before taking the state exam. - Precise Answer
✔✔one year
A tenant in an apartment complex may recieve up to ______ for refferal
of a new tenant for the same complex. - Precise Answer ✔✔$50
________ ________ education must be completed during the initial
sales associates's license period. - Precise 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
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