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FLORIDA REAL ESTATE EXAM QUESTIONS WITH COMPLETE ANSWERS.
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FLORIDA REAL ESTATE EXAM QUESTIONS WITH COMPLETE ANSWERS.
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FLORIDA REAL ESTATE EXAMQUESTIONS WITH COMPLETE
ANSWERS
Owners xxthat xxbuy xxincome xxproperties xxas xxinvestments xxand xxdepend xxon
xxprofessionals xxto xxmanage xxthem xx- xxAnswer xxAbsentee xxOwners
a xxValue xxestimated xxbased xxon xxresent xxsales xxof xxsimilar xxproperties xxin xxthe
xxsame xxneighborhood, xxnot xxan xxappraisal xx- xxAnswer xxCMA xx-Comparative xxMarket
xxAnalysis...
A xxcontractor xxis xxemployed xxby xxan xxowner xxof xxland xxto xxbuild xxon xxthat xxland xxto
xxthe xxowner's xxspecifications xx- xxAnswer xxCustom xxBuilding
When xxa xxcontractor xxbuilds xxon xxhis xxown xxland xxwith xxthe xxhope xxof xxlocating xxa
xxpurchaser xxafter xxconstruction xxhas xxbeen xxcompleted xx- xxAnswer xxSpeculative
xxbuilding
A xxdeveloper xxthat xxacquires xxa xxlarge xxthat xxaquires xxa xxlarge xxtract xxof xxland xxand
xxbuilds xxa xxmodel xxcenter xxfrom xxwhich xxsales xxmay xxbe xxmade xx- xxAnswer xxtract
xxbuilding
Property xxmanagement xxhas xxgrown xxas xxa xxservice xxof xxreal xxestate xxprimarily xxbc
xxof xxan xxincrease xxof xx_______ xx_________ xx- xxAnswer xxAbsentee xxOwnership
The xxcategory xxof xxconstruction xxthat xxapplies xxwhen xxa xxproperty xxowner xxemploys
xxa xxcontractor xxto xxbuild xxon xxhis xxor xxher xxlot xxis xxcalled________ xx___________ xx-
xxAnswer xxCustom xxBuilding
A xxReal xxEstate xxappraiser's xxfee xxfor xxprofessional xxservice xxis xxbased xxon:
a. xxa xxpercentage xxof xxthe xxproperty's xxgross xxincome
b. xxa xxpercentage xxof xxthe xxfair xxmarket xxvalue
c. xxthe xxtime xxand xxdifficulty xxof xxthe xxappraisal
d. xxa xxpercentage xxof xxproperty's xxsales xx- xxAnswer xxC. xxthe xxtime xxand xxdifficulty
xxof xxthe xxappraisal
,A xxdeveloper xxcontracts xxto xxbuild xxa xxhome xxon xxa xxbuyer's xxlot xxto xxthe xxbuyer's
xxspecifications. xxThis xxis xxan xxexample xxof xxwhich xxtype xxof xxbuilding:
a. xxtract
b. xxcustom
c. xxspeculative
d. xxsubdivision xx- xxAnswer xxb. xxcustom
A xxFlorida xxReal xxEstate xxlisence xxis xxrequired xxwhen xxanyone xxperforms xxa xxservice
xxis xxspecified xxunder xx
F.S. xx475 xxwhen xxall xxthe xxfollowing xxconditions xxare xxsimultaneously xxpresent,
xxunless xxthat xxindividual xxis xxotherwise xxexempt xxunder xxthe xxlaw: xx- xxAnswer xx1.
xxPreforming xxa xxservice xxof xxreal xxestate
2. xxIn xxthe xxstate xxof xxFlorida
3. xxFor xxanother
4. xxFor xxcompensation
_________ xxhas xxbeen xxdefined xxto xxinclude xxanything xxor xxany xxservice xxof xxValue
xxpaid, xxrecieved xxor xxexpected xxto xxbe xxpaid xxor xxrecieved. xx- xxAnswer
xxCompensation
The xxpostlicense xxeducational xxcourse xxfor xxsales xxassociate xxconsists xxof
xx________ xxhours xx- xxAnswer xx45
The xxcontinuing xxeducation xxrequirement xxconsists xxof xx______ xxhours xx- xxAnswer
xx14
Florida xxReal xxestate xxsales xxassociates xxthat xxdesire xxto xxbecome xxbrokers xxmust
xxwait xx_______ xx________ xxbefore xxtaking xxthe xxstate xxexam. xx- xxAnswer xxone
xxyear
A xxtenant xxin xxan xxapartment xxcomplex xxmay xxrecieve xxup xxto xx______ xxfor xxrefferal
xxof xxa xxnew xxtenant xxfor xxthe xxsame xxcomplex. xx- xxAnswer xx$50
________ xx________ xxeducation xxmust xxbe xxcompleted xxduring xxthe xxinitial xxsales
xxassociates's xxlicense xxperiod. xx- xxAnswer xxPost xxLicensing
Owner-employers xxof xxlicensed xxreal xxestate xxsales xxassociates xxare xxallowed xxto
xxpay xxthem:
a. xxon xxa xxsalary xxbasis xxonly
b. xxon xxa xxcommision xxbasis xxonly
c. xxa xxcommission xx, xxbut xxnot xxa xxbonus
d. xxa xxcommission xxor xxsalary xx- xxAnswer xxd. xxa xxcommission xxor xxsalary
To xxqualify xxfor xxa xxreal xxestate xxbroker's xxlicense, xxan xxapplicant xxmust xxhave
xxbeen xxemployed xxfor xxa xxminimum xxof:
a. xx6 xxmonths xxunder xxone xxactively xxlicensed xxbroker
, b. xx12 xxmonths xxunder xxone xxactively xxlicensed xxbroker
c. xx12 xxmonths xxunder xx1 xxor xxmore xxactively xxlicensed xxbrokers
d. xx6 xxmonths xxunder xx1 xxor xxmore xxactively xxlisenced xxbroker xx- xxAnswer xxc. xx12
xxmonths xxunder xx1 xxor xxmore xxactively xxlicensed xxbrokers
How xxmany xxhours xxof xxpostlicense xxeducation xxare xxrequired xxto xxrenew xxa
xxbrokers xxlicense? xx- xxAnswer xx60 xxhours
How xxlong xxcan xxan xxvoluntary xxinactive xxlicencee xxremain xxin xxthat xxlisence xxstatus?
xx- xxAnswer xxindefinately
The xxagreement xxthe xxstate xxof xxFlorida xxhas xxw/ xxsome xxother xxstates xxthat
xxrecognises xxthe xxsimilarity xxin xxeducation xxand xxexperience xxrequired xxof xxlicencees
xxis xxcalled:
a.reciprocity
b. xxmutual xxrecognition
c. xxcooperative xxlicensure
d. xxintrastate xxlicensing xx- xxAnswer xxb. xxmutual xxrecognition
A xxplumber xxhas xxbeen xxappointed xxby xxa xxcourt xxto xxappraise xxa xxsmall xxbusiness.
xxThe xxplumber.......
a. xxis xxin xxviolation xxof xxF.S. xx475
b. xxis xxallowed xxto xxcharge xxa xxcommission
c. xxmay xxdo xxso xxand xxbe xxpaid xxa xxfee
d. xxmust xxfirst xxbe xxlicensed xxunder xxF.S. xx475, xxPart xxII xx- xxAnswer xxc. xxmay xxdo
xxso xxand xxbe xxpaid xxa xxfee
A xxGeorgia xxAuctioneer xxwas xxasked xxby xxa xxlocal xxreal xxestate xxbroker xxto xxauction
xxa xxsmall xxmotel xxin xxJacksonville. xxThe xxauction xxdid xxnot xxresult xxin xxa xxsale. xxThe
xxFlorida xxbroker xxpaid xxthe xxauctioneer xxfor xxout-of-pocket xxexpenses, xxbut xxdid xxnot
xxpay xxa xxcommission. xxIt xxwould xxbe xxcorrect xxto xxsay xxthat xxthe:
a. xxGeorgia xxAutioneer xxviolated xxthe xxlicense xxlaw
b. xxFlorida xxBroker xxdid xxnot xxviolate xxthe xxlicense xxlaw
c. xxFlorida xxbroker xxis xxnot xxsubject xxto xxdiscipline xxby xxthe xxFlorida xxreal xxestate
xxcommision
d. xxtranaction xxis xxperfectly xxwithin xxthe xxlicense xxlaw xx- xxAnswer xxa. xxGeorgia
xxAutioneer xxviolated xxthe xxlicense xxlaw
The xxCommission's xxability xxto xximpose xxdisciplinary xxactions xxagainst xxlicensees xxis
xxknown xxas xx______ xx_________ xxpower xx- xxAnswer xxquasi xx- xxjudicial
The xxrule-making xxauthority xxof xxthe xxFREC xxis xxcalled xx______ xx_________ xxpower
xx- xxAnswer xxquasi xx- xxlegislative
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