Real estate exam paper - Study guides, Class notes & Summaries

1 FLORIDA REAL ESTATE LICENSE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ The only active general partner in a real estate partnership did not account properly for his escrowed funds. His license was suspended. All of the licenses of the sales associates in that partnership are A. Suspended B. Canceled C. Placed in involuntary inactive status D. Not affected - -C. Placed in involuntary inactive status A sales associate is selling her own property "by owner." Which statement is TR...

NV State Real Estate Salesperson Exam 2023-2024 Questions and Answers 100% CorrectNV State Real Estate Salesperson Exam 2023-2024 Questions and Answers 100% CorrectNV State Real Estate Salesperson Exam 2023-2024 Questions and Answers 100% Correct After the collection of the advance fee, when should it be itemized and accounted for? - ANSWER-3 months What must one have in order to collect an advance fee? - ANSWER-A real estate license. How many days for broker to refund buyers on land purc...

1 FLORIDA REAL ESTATE STATE EXAM PREP QUESTIONS AND ANSWERS, GRADED A+ Joint Ventures - -is a temporary form of business arrangement often encountered in real estate business. Trade Names - -is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - -Administrative Procedures Act Chapter 455, F.S. - -Regulation of Professional and Occupations Chapter 28, Sections 101-110 - -Division of Administrat...

1 FLORIDA REAL ESTATE 2024/25 REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Brokers who list and sell smaller businesses are - -business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a - -subdivision plat map. Investors who don't live on the properties they own are - -absentee owners. Real estate specialists who sell properties close to airports, seaports, and rail sidings work in...

1 REAL ESTATE EXAM FL SALES ASSOCIATE QUESTIONS AND ANSWERS, VERIFIED/ Absentee Owner - -A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title - -A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the condition of title (a history of title) Acceleration Clause - -A condition in a loan contract that permits the lender to require immedi...

1 FLORIDA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ What did the Florida legislature do in 1923? - -Passed the Real Estate License Law, Chapter 275 of Florida Statutes What is Chapter 475 of the Florida Statutes? - -Real Estate License Law What did the Florida Legislature do in 1925? - -Created the Florida Real Estate Commission to administer and enforce law. What is the Florida Real Estate Commission responsible for doing? - -Keeping records, conducting inv...

1 FLORIDA REAL ESTATE STATE EXAM REVIEW QUESTIONS AND ANSWERS. GRADED A+ 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. ...

1 FLORIDA REAL ESTATE - PRACTICE EXAM 100 QUESTIONS & ANSWERS, GRADE A sales associate was issued a citation for failing to timely notify the Commission of her change of address. How many days does the licensee have to either pay the citation or file an objection to the alleged violation? 30 days Pam's home has an assessed value of $301,000. She qualifies for the Florida homestead exemption. The area she lives in has the following taxes: County tax rate is 8.6 mills, City tax rate is...

1 REAL ESTATE FL EXAM 2024/25 REVIEW QUESTIONS AND ANSWERS, RATED A+ A sales associate works under - -the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal - -With a flat fee The product/service that all real estate professionals sell is - -their expert knowledge Which area of real estate requires the highest degree of expertise? - -Counseling Which Florida Administrative Code expands upon the statutory provisions of Chapter 475,...

1 STATE EXAM FLORIDA REAL ESTATE/ EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - -the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the following is true regarding the Florida RE commission? - -Two members do not have to have a Florida Real Estate license The F...