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45 Hour Post License Florida Questions And Answers Graded A+ 2024/2025
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45 Hour Post License Florida Questions And Answers Graded A+ 2024/2025
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45 Hour Post License FloridaFarming - ANSConcentrating on one kind of favor of assets or on one particular
neighborhood
A residential transaction os defined in F.S. 475 because the sale of any: - ANS- Duplex
- advanced residential property of 4 units or fewer, such as rental units
-unimproved property intended for four units or fewer
- agricultural homes of ten acres or less
- rentals with alternatives to purchase all or a part of advanced belongings of four or fewer
residential devices
- dispositions of commercial enterprise pursuits for assets of four or fewer residential
gadgets
absentee owners - ANSowners who buy profits belongings as investments and depend upon
experts to manage them
All appraisals, whether accomplished via an authorized appraiser or a real estate licensee,
need to be evolved and stated in conformity with the - ANSUniform Standards of
Professional Appraisal Practice (USPAP)
The largest and maximum prestigious real property company in the world is ________. They
paintings for rules enforce expert requirements of conduct thru its ________. - ANS1. The
National Association of Realtors (NAR)
2. Code of Ethics
The biggest change affiliation in the nation is _________ - ANSThe Florida Association of
Realtors (FAR)
The obligations required by using the Code of Ethics are: - ANS1. Duties to clients and
customers
2. Duties to the general public in general
3. Duties to different real property licensees
Required Skills for the Real estate expert are: - ANS1. Valuation - Must be able to discern
critical variations between homes and recognize ho to translate those variations into price.
Must be able to behavior a CMA.
2. Marketing - need to have an expertise of the tools and technology to be had to market a
belongings.
Three. Property Transfer - recognize how to near a transaction
Mission Statement - ANSdescription of a favored final results that excites, motivates, and
lets you create a mental image of your enterprise goal.
, Industrial Sales or Leasing - ANSinclude warehouses and manufacturing centers. Industrial
sales and leasing usually involve consumer/proprietors, as opposed to traders.
The law that specifically regulates actual property licensees, colleges, and appraisers is
_________ - ANSF.S. 475
The Range Of Penalties for disobeying FS 475 or 455 from lowest to maximum is: -
ANSReprimand, first-rate, probation, suspension, and revocation or denial.
Which is the maximum penalty for disobeying legal guidelines below FS 455 or FS 475 -
ANSRevocation or denial of license
If the licensee does no longer entire the 45 hour direction before the expiration date in their
first renewal, the license turns into ____ - ANSvoid and the licensee may be out of
enterprise. (have to begin over the whole thing)
When a sales associate changes employers, they need to notify the Commission of the trade
no later than ________ days after the trade by means of the usage of the shape provided by
using the commission. - ANS10
Advertisements won't be - ANSfraudulent, false, deceptive, or deceptive.
Advertising fake, misguided, misleading or exaggerated records could result in
____________ - ANSthe issuance of a citation and a pleasant of $500
A sales partner who receives a deposit need to deliver it to the broker or business enterprise
no later than - ANSthe give up of the enterprise day following the receipt of the object to be
deposited
A sales accomplice may not collect cash in connection with a real estate transaction except -
ANSin the name of the agency (can not be payed with the aid of purchaser or vendor)
A sales companion receives compensation simplest from his or her ______. A sales
associate can however be paid a portion of a commission by a remaining agent if such
commands were supplied in writing by using the _____. - ANS1. Broker
2. Broker
Single retailers are held answerable for what four particular duties? - ANS1. Confidentiality
2. Obedience
3. Loyalty
4. Full Disclosure
Appraisals utilized by federally regulated lenders in federally related transactions be evolved
and reported in conformity with the _______ - ANSUniform Standards of Professional
Appraisal Practices (USPAP)
Assessed value is - ANSthe value assigned via the property appraiser for advert valorem tax
purposes
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