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REPL EXAM Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed

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A $1.5 billion agency regulating one million professionals and businesses across some 200 licensee categories in Florida is: -:- The Florida Department of Business and Professional Regulation. Who elects the Chairperson of the FREC? -:- The FREC Members What is the primary mission of FREC? ...

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  • September 4, 2024
  • 45
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • RePL
  • RePL
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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



REPL EXAM Questions & 100% Correct
Answers- Latest Test | Graded A+ | Passed
A $1.5 billion agency regulating one million professionals and businesses across some 200

licensee categories in Florida is:


✓ -:- The Florida Department of Business and Professional Regulation.




Who elects the Chairperson of the FREC?


✓ -:- The FREC Members




What is the primary mission of FREC?


✓ -:- To protect the public




Nelson just received his Florida license. Which of the following will NOT be on the license?


✓ -:- An Equal Housing Opportunity Logo




Broker Norman failed to display an office entrance sign. Which disciplinary action is

Norman most likely to receive?


✓ -:- A citation




Jane cheated on her real estate examination and was caught. What will happen?

1|Page | Grade A+| 2024/2025

,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

✓ -:- 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?


✓ -:- 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?


✓ -:- 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


✓ -:- 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?


✓ -:- She must take 14 hours of continued education. She must fill out the form, pay

the fee, and return it before the expiration date.




2|Page | Grade A+| 2024/2025

,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

In a licensee's personal business budget, a trade association fee would qualify as what type

of expense?


✓ -:- Operating expense




What does it mean to "qualify" a seller in real estate?


✓ -:- To find out if the seller is truly ready to sell




When you are developing your Target Market Summary, you should:


✓ -:- 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"?


✓ -:- 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?


✓ -:- Advise him to speak with a mortgage agent and get, at minimum, pre-qualified,

but preferably pre-approved for a loan.




3|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

Which of the following is a benefit of developing a Business and Marketing Plan?


✓ -:- 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?


✓ -:- 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


✓ -:- 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:


✓ -:- 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?




4|Page | Grade A+| 2024/2025

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