Florida Real Estate Exam Questions With Marking Scheme(New Update)|Graded A+
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Course
Florida Real Estate
Institution
Florida Real Estate
Florida Real Estate Exam Questions With Marking Scheme(New Update)|Graded A+
The _______________________ determines monetary policy in the U. S. by controlling the availability of money. - Answer-Federal Reserve System
/.The Homestead Act was passed primarily to - Answer-exempt property from ...
Florida Real Estate Exam Questions
With Marking Scheme(New
Update)|Graded A+
The _______________________ determines monetary policy in the U. S. by controlling
the availability of money. - Answer-Federal Reserve System
/.The Homestead Act was passed primarily to - Answer-exempt property from forced
sale
/.A sales associate authorized to negotiate a sale of property has the authority to -
Answer-work under the direction of a broker or in some cases an owner-developer
/.The sales specialty that involves the knowledge of regulated land use, environmental
considerations, transportation, labor costs and utility charges is - Answer-industrial
/.A real estate agent's trade association that requires raising the professional and ethical
standards of their members is the - Answer-National Association of Realtors.
/.Property management customarily includes all these but - Answer-representation of
the tenant
/.Property management in the real estate business has gained popularity and
importance due to - Answer-the growth in absentee ownership.
/.The sales associate who can explain property taxes and homestead exemptions, in
addition to helping prospective buyers obtain financing, is a - Answer-residential
specialist
/.A sales associate with ABC Realty was contacted by Big Bank to do a Broker Price
Opinion (BPO). Since the fee for this was small, the bank paid the salesperson directly.
This situation is - Answer-illegal, since sales associate violated Chapter 475, F.S.
/.The product that all real estate professionals sell is - Answer-their expert knowledge
/.Which area of real estate requires the highest degree of expertise? - Answer-
Counseling
/.A licensed appraiser is compensated for an appraisal - Answer-with a flat fee
/.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 - Answer-repeating the pre-licensure class, passing the end-of-course
examination, and passing the state licensure examination.
/.After completing the post-licensing education during the initial license period, licensees
must complete - Answer-at least 14 hours of continuing education during every 2-year
license period for active and inactive licensees.
/.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 - Answer-
not required to obtain a real estate license.
/.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 - Answer-sales associate's Broker/brokerage.
/.A licensee may substitute attendance at one legal agenda session of the FREC for -
Answer-three hours of continuing education credit.
/.An unlicensed personal assistant may be at an open house and can - Answer-hand
out materials
/.As a licensed sales associate, you have decided to hire someone to help with your
business, so you hire an unlicensed personal assistant. They can - Answer-gather
information for a comparative market analysis
/.A manager is a salaried manager of a 20-unit condominium complex. An owner of one
unit is leaving town for six months. If the manager rents the owner's unit to a student for
the six-month period, does he need a real estate license? - Answer-No, because the
rental period arranged was for not more than one year
/.Which Florida Administrative Code expands upon the statutory provisions of Chapter
475, Florida Statutes - Answer-61J2
/.In addition to Chapter 475, The Florida Statute that defines the general legal practice
and procedure for the Department of Business and Professional Regulation (DBPR) and
the licensees of all professions, including real estate, is - Answer-455
/.FREC has the authority to discipline Florida-licensed, real estate professionals under
what Florida State Statute? - Answer-Chapter 455
/.On the seven total members of the FREC, two must be - Answer-never licensed as
real estate sales associates or brokers.
/.If a real estate licensee believes a rule or guideline that substantially affects him is not
valid and needs to be changed, recourse should be sought by - Answer-petitioning for
an administrative determination before the Florida Real Estate Commission.
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