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Exam (elaborations)

Florida Real Estate 2024 Questions and Answers

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  • Course
  • Florida real estate
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  • Florida Real Estate

Florida Real Estate 2024 Questions and Answers Brokers who list and sell smaller businesses are - Answer-business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a - Answer-subdivision plat map...

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  • October 3, 2024
  • 31
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Florida real estate
  • Florida real estate
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EmillyCharlotte
EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024

Florida Real Estate 2024 Questions and
Answers

Brokers who list and sell smaller businesses are - Answer✔✔-business opportunity

brokers.

Before roadbuilding begins, a developer must submit a document to the local planning

board for approval. The document is called a - Answer✔✔-subdivision plat map.

Investors who don't live on the properties they own are - Answer✔✔-absentee

owners.

Real estate specialists who sell properties close to airports, seaports, and rail sidings

work in which sector of the real estate business? - Answer✔✔-Industrial

The field of real estate that requires knowledge of financial statements for investment

properties, traffic counts, and types of nonresidential property financing is -

Answer✔✔-commercial.

A real estate licensee who works a "farm area" is usually involved in - Answer✔✔-

residential sales and listings.

A person who takes applications for a mortgage loan must - Answer✔✔-be licensed

as a loan originator by the Florida Office of Financial Regulation.

Approximately what percentage of the country's wealth is related to real estate? -

Answer✔✔-75



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,EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024
When a developer deeds the streets and easements to the county government for

future maintenance, it is called - Answer✔✔-dedication.

When making appraisals, real estate licensees must conform to - Answer✔✔-the

Uniform Standards of Professional Appraisal Practice (USPAP).

A sales associate who researches the sale prices of properties that sold will learn -

Answer✔✔-what the house should appraise for.

When a builder builds a house for a specific customer, it is - Answer✔✔-custom

building.

The most common valuation process used by brokers and sales associates is the

preparation of - Answer✔✔-a comparative market analysis (CMA).

A bank appraisal must be made by - Answer✔✔-a state-certified or licensed

appraiser.

A broker who prepares a CMA - Answer✔✔-can charge a fee for the service.

The Florida Real Estate Commission is - Answer✔✔-a consumer protection agency.

Which part of Chapter 475 establishes the Florida Real Estate Commission? -

Answer✔✔-Part I

A broker's license will become void when the first license expires unless the broker has

- Answer✔✔-completed at least 60 hours of broker post-licensing courses.

The problem with the Florida Real Estate License law that was passed in 1923 was that

- Answer✔✔-it did not establish an enforcement body.



2/31

,EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024
Applicants for a real estate license must have a - Answer✔✔-United States Social

Security number.

Which is NOT a part of the 14-hour continuing education requirement for brokers and

sales associates? - Answer✔✔-Property management

Which is NOT a service that requires a real estate license? - Answer✔✔-Originate

mortgages

Broker applicants must have worked under a broker in any state for at least -

Answer✔✔-two years.

A man who deals in real property is NOT exempt from having a real estate license if he

- Answer✔✔-performs one of the eight services of real estate for another for

compensation.

The unlicensed practice of real estate is a - Answer✔✔-third degree felony.

The maximum fine that can be levied by the DBPR for each offense is - Answer✔✔-

$5,000.

Which licensee is qualified to be a broker, but has decided to work under the

supervision of another broker or an owner developer? - Answer✔✔-A broker

associate

What is the maximum number of days the DBPR has to review the information in an

license application? - Answer✔✔-90 days.




3/31

, EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024
"Let the buyer beware" was the public's image of real estate brokers before the state set

up the Florida Real Estate Commission. The Latin term is - Answer✔✔-caveat

emptor.

The Department that enforces the law against persons who practice a profession

without having a license is the - Answer✔✔-Department of Business and Professional

Regulation (DBPR).

Which is NOT one of the divisions in the Department of Business and Professional

Regulation? - Answer✔✔-Division of Internet Operations

The license of a veteran sales associate expired March 31 last year. This year in June,

she wants to renew her license. She must pay a late fee, pay the renewal fee, and

complete a - Answer✔✔-28-hour reactivation education course.

With respect to regulation, the legislative intent is that - Answer✔✔-professions can

be regulated only to preserve the health, safety, and welfare of the public.

In which case can an inactive sales associate receive a commission? - Answer✔✔-In

no case

Funds collected by the Real Estate Commission may be used - Answer✔✔-for real

estate regulation.

The license renewal dates are on - Answer✔✔-March 31 or September 30.

A licensee in good standing who is a member of the Armed Forces is exempt from

renewing the license as long as he or she is a member of the Armed Forces on active

duty and for a period of - Answer✔✔-2 years after discharge.


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