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FLORIDA REAL ESTATE EXAM Questions and Answers (Latest Update 2024)
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FLORIDA REAL ESTATE EXAM Questions and Answers (Latest Update 2024)
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FLORIDA REAL ESTATE EXAM Questionsand Answers (Latest Update 2024)
1. Property management in the real estate business has
gained popularity and importance due to - Correct Answer
✅ the growth in absentee ownership.
2. A licensee may substitute attendance at one legal agenda
session of the FREC for - Correct Answer ✅ three hours of
continuing education credit.
3. Since performing a broker price opinion or comparative
market analysis constitutes real estate brokerage activity, the
compensation collected in connection with that activity must
be paid to the - Correct Answer ✅ sales associate's
Broker/brokerage.
4.Sales associates who fail to complete the post-licensing
education requirement after 24 months and want to continue
in the real estate business are required to requalify for
licensure by - Correct Answer ✅ repeating the pre-
licensure class, passing the end-of-course examination, and
passing the state licensure examination.
,FLORIDA REAL ESTATE EXAM Questions
and Answers (Latest Update 2024)
5.After completing the post-licensing education during the
initial license period, licensees must complete - Correct
Answer ✅ at least 14 hours of continuing education during
every 2-year license period for active and inactive licensees.
6. Prior to Owner's death, she named her friend, Jenny, as the
personal representative of her estate. To take an active part
in the sale of Owner's real estate, Jenny is - Correct Answer
✅ not required to obtain a real estate license.
7. An unlicensed personal assistant may be at an open house
and can - Correct Answer ✅ hand out materials.
8. Of the seven total members of the FREC, two must be -
Correct Answer ✅ never licensed as real estate sales
associates or broker.
9. The law that establishes the legal rights and
responsibilities of real estate licensees is - Correct Answer
✅ Florida Statute Chapter 475
, FLORIDA REAL ESTATE EXAM Questions
and Answers (Latest Update 2024)
10. A licensed real estate broker has a listing with an asking
price $80,000. A prospect makes an oral offer of $78,000. A
second prospect aware of the first oral offer, offers $82,000.
Broker, without consulting owner, prepares a written contract
for only the $82,000 offer and submits it to owner. Which of
these is a correct statement? - Correct Answer ✅ Broker
should have submitted both offers to Owner.
11. From a legal standpoint, when the buyer is a real estate
broker's principal, the sales associates in the broker's office
are - Correct Answer ✅ also legally bound by the broker's
agency obligations.
12.The No Brokerage Relationship notice must be disclosed -
Correct Answer ✅ in writing before the showing of
property.
13. A licensed real estate sales associate in the employ of a
broker has - Correct Answer ✅ the same obligations to the
broker's clients and customers as the broker.
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