Florida real estate frec - Study guides, Class notes & Summaries

Florida Real Estate FREC Exam Questions & Answers 2023/2024 One example of a Loan Originator would be a(n) A. family member. B. a real estate agent. C. associate lender. D. seller who finances more than two homes in a two year period. - ANSWER-D Why does a real estate professional need a license? A. He has specific information to be able to show a house. B. He has specific information to lease a house. C. He has expert information on real estate that an average laypers...

An economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. correct answers B) two successive quarterly increases in the gross domestic product. Explanation When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Sl...

Real Estate Brokerage (Ch. 1) A business in which real estate-related activities are performed under the authority of a licensed real estate broker Farming (Ch. 1) concentrating on one type or style of property in one particular area of neighborhood Property Transfer, Valuation & Marketing (Ch. 1) areas of expert knowledge that are required for all real estate licensees Residential Transaction (Ch. 1) F.S 475 The sale of any improved residential property of 4 units or f...

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...

Florida Real Estate Final Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Tom intends to make application to become a Fla real estate sales associate. He must have a Social Security number, a high school diploma, be over 18, and be competent to negotiate. What is not required? Answer: To be a US Citizen Q: Mary has a 4 year degree in real estate. Mary must still attend the pre-licensing course and post-licensing education. What class...

Florida Real Estate Exam (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Florida Real estate sales associates that desire to become brokers must wait _______ ________ before taking the state exam. Answer: one year Q: A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant for the same complex. Answer: $50 Q: ________ ________ education must be completed during the initial sales associates's license p...

Florida Real Estate STATE exam Questions and Answers 100% Pass The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a...

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

c. Registered with the DBPR correct answers An individual does not intend to engage in real estate activity. However, he does plan to be an officer of a real estate brokerage corporation. Which status BEST describes this situation? a. Active sales associate license b. Active broker license c. Registered with the DBPR d. Inactive sales associate license d. active broker associate correct answers An individual who has fulfilled all of the academic and experience requirements for real estate...

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 sig...