REPL UPDATED Actual Exam Questions and CORRECT Answers
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REPL UPDATED Actual Exam Questions
and CORRECT Answers
A $1.5 billion agency regulating one million professionals and businesses across some 200
licensee categories in Florida is: - CORRECT ANSWER- The Florida Department of
Business and Professional Regulation.
Who elects the Chairperson of...
REPL UPDATED Actual Exam Questions
and CORRECT Answers
A $1.5 billion agency regulating one million professionals and businesses across some 200
licensee categories in Florida is: - CORRECT ANSWER✔✔- The Florida Department of
Business and Professional Regulation.
Who elects the Chairperson of the FREC? - CORRECT ANSWER✔✔- The FREC Members
What is the primary mission of FREC? - CORRECT ANSWER✔✔- To protect the public
Nelson just received his Florida license. Which of the following will NOT be on the license?
- CORRECT ANSWER✔✔- An Equal Housing Opportunity Logo
Broker Norman failed to display an office entrance sign. Which disciplinary action is Norman
most likely to receive? - CORRECT ANSWER✔✔- A citation
Jane cheated on her real estate examination and was caught. What will happen? - CORRECT
ANSWER✔✔- Jane will have her application denied.
A veteran sales associate's license expired on September 30. What will be the status of the
license on Oct. 1? - CORRECT ANSWER✔✔- The license is involuntarily inactive.
Katherine loves to show and sell houses for others for compensation. She has been doing so
for two years and without a license. She has been caught and she wants to obtain a license.
What is likely to happen? - CORRECT ANSWER✔✔- The FREC may deny her license since
she was holding herself out to be a licensee, practicing real estate in the previous year.
The Real Estate Recovery Fund - CORRECT ANSWER✔✔- Was designed to serve as
consumer protection for those consumers who were harmed in a real estate transaction.
Jane is a college graduate with a four-year degree in real estate. She has a sales associate's
license and seeks to renew the license for the second time. What must she do? - CORRECT
,ANSWER✔✔- She must take 14 hours of continued education. She must fill out the form,
pay the fee, and return it before the expiration date.
In a licensee's personal business budget, a trade association fee would qualify as what type of
expense? - CORRECT ANSWER✔✔- Operating expense
What does it mean to "qualify" a seller in real estate? - CORRECT ANSWER✔✔- To find
out if the seller is truly ready to sell
When you are developing your Target Market Summary, you should: - CORRECT
ANSWER✔✔- Select an area with which you are familiar and in which you are comfortable.
You are scheduled for "floor time" tomorrow. What is "floor time"? - CORRECT
ANSWER✔✔- When an agent is in the office to receive phone calls from prospective clients
A possible client walks into your office and says he wants to buy a house. He has not talked
to a mortgage agent yet, but he says he can pay 25% down and already knows how much of a
monthly payment he can afford. He wants to move in the next 90 days. What should your
next step be? - CORRECT ANSWER✔✔- Advise him to speak with a mortgage agent and
get, at minimum, pre-qualified, but preferably pre-approved for a loan.
Which of the following is a benefit of developing a Business and Marketing Plan? -
CORRECT ANSWER✔✔- It will help you set clear goals and stay focused.
One of your least favorite things to do is write your monthly newsletter. But it has to be out
by the end of the week, and you have scheduled yourself time to work on it today. Where
should it be on your "to-do" list? - CORRECT ANSWER✔✔- First on the list so you can get
it over with and move on to things you enjoy.
According to the course, people should have - CORRECT ANSWER✔✔- Three months'
salary in savings.
You have been an agent for six months. You are reviewing your activities and their results.
You find that you are getting one listing appointment for every 20 expired listings you call.
You also find that you are getting one for every ten FSBOs you call. You should: -
, CORRECT ANSWER✔✔- Spend less time on Expireds and more on FSBOs, since that is
where you are getting the best results.
You are creating a form to track your performance as a Real Estate agent. What activity
should not be included on the form? - CORRECT ANSWER✔✔- Floor time. Because it is
scheduled by your office, and you can use the time for other things; it does not need to be
tracked.
What type of legal notice would most likely provide leads? - CORRECT ANSWER✔✔-
Foreclosures
Which of the following is NOT an exception to the Do-Not-Call laws? - CORRECT
ANSWER✔✔- You can call as long as you block your company name and number.
Which of the following is most important to have on a licensee's personal website? -
CORRECT ANSWER✔✔- The licensee's contact information
Once you have sent your friends and family a letter of introduction regarding your real estate
practice: - CORRECT ANSWER✔✔- You should follow-up with a phone call in a day or
two.
When someone whose previous listing expired tells you mistakes the previous agent made: -
CORRECT ANSWER✔✔- Comment on the action, not the agent, and explain how a
different action might produce different results next time.
What should you give to potential customers when prospecting door-to-door? - CORRECT
ANSWER✔✔- Your business card
If you prefer meeting people face-to-face, select a neighborhood and go knocking on doors.
When you go, you should: - CORRECT ANSWER✔✔- Dress professionally
You are trying to select a "farm" area and you have narrowed the choices down to four areas,
as follows. Among the alternatives, which would be the best choice? - CORRECT
ANSWER✔✔- An area close to your own house, where the 125 homes are similar to yours
and familiar to you.
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