The Commission's ability to impose disciplinary actions against licensees is known as
______ _________ power - ️️quasi - judicial
A plumber has been appointed by a court to appraise a small business. The
plumber.......
a. is in violation of F.S. 475
b. is allowed to charge a commission
c....
Florida Real Estate Exam
The Commission's ability to impose disciplinary actions against licensees is known as
______ _________ power - ✔️✔️quasi - judicial
A plumber has been appointed by a court to appraise a small business. The
plumber.......
a. is in violation of F.S. 475
b. is allowed to charge a commission
c. may do so and be paid a fee
d. must first be licensed under F.S. 475, Part II - ✔️✔️c. may do so and be paid a fee
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:
a. tract
b. custom
c. speculative
d. subdivision - ✔️✔️b. custom
A contractor is employed by an owner of land to build on that land to the owner's
specifications - ✔️✔️Custom 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 - ✔️✔️tract building
Property management has grown as a service of real estate primarily bc of an increase
of _______ _________ - ✔️✔️Absentee Ownership
The category of construction that applies when a property owner employs a contractor
to build on his or her lot is called________ ___________ - ✔️✔️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 - ✔️✔️C. the time and difficulty of the appraisal
, 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: - ✔️✔️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. - ✔️✔️Compensation
When a contractor builds on his own land with the hope of locating a purchaser after
construction has been completed - ✔️✔️Speculative building
The postlicense educational course for sales associate consists of ________ hours -
✔️✔️45
Owners that buy income properties as investments and depend on professionals to
manage them - ✔️✔️Absentee Owners
The continuing education requirement consists of ______ hours - ✔️✔️14
Florida Real estate sales associates that desire to become brokers must wait _______
________ before taking the state exam. - ✔️✔️one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant
for the same complex. - ✔️✔️$50
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - ✔️✔️CMA -Comparative Market Analysis...
________ ________ education must be completed during the initial sales associates's
license period. - ✔️✔️Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary - ✔️✔️d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been employed for a
minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
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