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Florida Real Estate Exam Questions and Answers (Latest update 2024) 140 Questions
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Florida Real Estate Exam Questions and Answers (Latest update 2024) 140 Questions
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Florida Real Estate Exam Questions andAnswers (Latest update 2024) 140
Questions
Owners that buy income properties as investments and
depend on professionals to manage them - Correct Answer
✅ Absentee Owners
a Value estimated based on resent sales of similar properties
in the same neighborhood, not an appraisal - Correct
Answer ✅ CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that
land to the owner's specifications - Correct Answer ✅
Custom Building
When a contractor builds on his own land with the hope of
locating a purchaser after construction has been completed -
Correct 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 - Correct Answer ✅ tract building
,Florida Real Estate Exam Questions and
Answers (Latest update 2024) 140
Questions
Property management has grown as a service of real estate
primarily bc of an increase of _______ _________ - Correct
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________ ___________ - Correct 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 - Correct 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:
,Florida Real Estate Exam Questions and
Answers (Latest update 2024) 140
Questions
a. tract
b. custom
c. speculative
d. subdivision - Correct 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: - Correct 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. -
Correct Answer ✅ Compensation
, Florida Real Estate Exam Questions and
Answers (Latest update 2024) 140
Questions
The postlicense educational course for sales associate
consists of ________ hours - Correct Answer ✅ 45
The continuing education requirement consists of ______
hours - Correct Answer ✅ 14
Florida Real estate sales associates that desire to become
brokers must wait _______ ________ before taking the state
exam. - Correct Answer ✅ one year
A tenant in an apartment complex may recieve up to ______
for refferal of a new tenant for the same complex. - Correct
Answer ✅ $50
________ ________ education must be completed during the
initial sales associates's license period. - Correct Answer ✅
Post Licensing
Owner-employers of licensed real estate sales associates are
allowed to pay them:
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