45 Hour Post License Florida Exam Questions And Answers
Farming - ANS Concentrating on one type of style of property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: - ANS - Duplex
- improved residential property of four units or fewer...
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45
Hour
Post
License
Florida
Farming
-
ANS
Concentrating
on
one
type
of
style
of
property
or
on
one
particular
neighborhood
A
residential
transaction
os
defined
in
F.S.
475
as
the
sale
of
any:
-
ANS
-
Duplex
-
improved
residential
property
of
four
units
or
fewer,
including
condominium
units
-unimproved
property
intended
for
four
units
or
fewer
-
agricultural
properties
of
ten
acres
or
less
-
leases
with
options
to
purchase
all
or
a
portion
of
improved
property
of
four
or
fewer
residential
units
-
dispositions
of
business
interests
for
property
of
four
or
fewer
residential
units
absentee
owners
-
ANS
owners
who
buy
income
property
as
investments
and
depend
on
professionals
to
manage
them
All
appraisals,
whether
performed
by
a
licensed
appraiser
or
a
real
estate
licensee,
must
be
developed
and
reported
in
conformity
with
the
-
ANS
Uniform
Standards
of
Professional
Appraisal
Practice
(USPAP)
The
largest
and
most
prestigious
real
estate
organization
in
the
world
is
________.
They
work
for
legislation
enforce
professional
standards
of
conduct
through
its
________.
-
ANS
1.
The
National
Association
of
Realtors
(NAR)
2.
Code
of
Ethics
The
largest
trade
association
in
the
state
is
_________
-
ANS
The
Florida
Association
of
Realtors
(FAR)
The
duties
required
by
the
Code
of
Ethics
are:
-
ANS
1.
Duties
to
clients
and
customers
2.
Duties
to
the
public
in
general
3.
Duties
to
other
real
estate
licensees
Required
Skills
for
the
Real
estate
professional
are:
-
ANS
1.
Valuation
-
Must
be
able
to
discern
important
differences
between
properties
and
know
ho
to
translate
those
differences
into
value.
Must
be
able
to
conduct
a
CMA.
2.
Marketing
-
must
have
an
understanding
of
the
tools
and
technologies
available
to
market
a
property.
3.
Property
Transfer
-
understand
how
to
close
a
transaction
Mission
Statement
-
ANS
description
of
a
desired
outcome
that
excites,
motivates,
and
helps
you
to
create
a
mental
picture
of
your
business
goal. Industrial
Sales
or
Leasing
-
ANS
include
warehouses
and
manufacturing
facilities.
Industrial
sales
and
leasing
generally
involve
user/owners,
rather
than
investors.
The
law
that
specifically
regulates
real
estate
licensees,
schools,
and
appraisers
is
_________
-
ANS
F.S.
475
The
Range
Of
Penalties
for
disobeying
FS
475
or
455
from
lowest
to
highest
is:
-
ANS
Reprimand,
fine,
probation,
suspension,
and
revocation
or
denial.
Which
is
the
maximum
penalty
for
disobeying
laws
under
FS
455
or
FS
475
-
ANS
Revocation
or
denial
of
license
If
the
licensee
does
not
complete
the
45
hour
course
before
the
expiration
date
of
their
first
renewal,
the
license
becomes
____
-
ANS
void
and
the
licensee
will
be
out
of
business.
(have
to
start
over
everything)
When
a
sales
associate
changes
employers,
they
must
notify
the
Commission
of
the
change
no
later
than
________
days
after
the
change
by
using
the
form
provided
by
the
commission.
-
ANS
10
Advertisements
may
not
be
-
ANS
fraudulent,
false,
deceptive,
or
misleading.
Advertising
false,
inaccurate,
misleading
or
exaggerated
information
could
result
in
____________
-
ANS
the
issuance
of
a
citation
and
a
fine
of
$500
A
sales
associate
who
receives
a
deposit
must
deliver
it
to
the
broker
or
employer
no
later
than
-
ANS
the
end
of
the
business
day
following
the
receipt
of
the
item
to
be
deposited
A
sales
associate
may
not
collect
money
in
connection
with
a
real
estate
transaction
except
-
ANS
in
the
name
of
the
employer
(cannot
be
payed
by
buyer
or
seller)
A
sales
associate
receives
compensation
only
from
his
or
her
______.
A
sales
associate
can
however
be
paid
a
portion
of
a
commission
by
a
closing
agent
if
such
instructions
have
been
provided
in
writing
by
the
_____.
-
ANS
1.
broker
2.
broker
Single
agents
are
held
accountable
for
what
four
specific
duties?
-
ANS
1.
Confidentiality
2.
Obedience
3.
Loyalty
4.
Full
Disclosure
Appraisals
utilized
by
federally
regulated
lenders
in
federally
related
transactions
be
developed
and
reported
in
conformity
with
the
_______
-
ANS
Uniform
Standards
of
Professional
Appraisal
Practices
(USPAP)
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