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FL Real Estate Associate Exam 2024 with 100% correct answers

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Agency relationship in Florida with the fewest duties/obligations: - correct answers -Non-representation broker If Jackson has no fiduciary duty and offers no representation whatsoever to the buyer or the seller in a transaction, Jackson is a: - correct answers -Non-representation broker Entity that determines and issues the final order in a disciplinary case constituting the finale agency action? - correct answers -FREC Circumstance when broker serving as an intermediary can collect fr...

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Florida Real Estate State Exam: Gold Coast Q&A CRAM EXAM 3&4

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Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broker in a single agency relationship - Answer- Who is the ...

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Florida Real Estate Exam 2024 with 100% correct answers

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Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - correct answer -$1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acre...

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Florida Real Estate Exam Questions and Answers Updated 2024

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Owners that buy income properties as investments and depend on professionals to manage them - Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - CMA -Comparative Market Analysis... A contractor is employed by an owner of land to build on that land to the owner's specifications - Custom Building When a contractor builds on his own land with the hope of locating a purchaser after construction has been completed - Spe...

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Answers to the 100 Florida Practice Exam Question 2024/2025

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1. Which of the following statements is true regarding a mortgage loan originator (MLO)? A mortgage loan originator is the same as a mortgage broker. *A mortgage loan originator must have a separate license. A mortgage loan originator makes loans. A mortgage loan originator must have a real estate license. 2. A real estate appraiser's fee for professional service is based on which of the following? A percentage of the property's gross income. A percentage of the fair market valu...

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Florida Real Estate State Exam Questions and Answers 2024/2025

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In which area of brokerage has absentee ownership increased the demand? - Correct answer-Property management How is a real estate appraiser typically paid? - Correct answer-A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve - Correct answer-A subdivision plat map What is it called when a developer gives the land to a government body - Correct answer-Dedication What business is a licensee engaged in who markets, leas...

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Florida Real Estate Exam 2024/2025 with 100% correct answers

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administrative law - correct answer -Body of law created by administrative agencies in the form of rules, regulations, orders, and decisions. agent - correct answer -A person entrusted with another's business; the person authorized by the principal to act on the principal's behalf. at arm's length - correct answer -People conduct negotiations on their own behalf without trusting the other's fairness or integrity and without being subject to the other's control or influence. caveat empto...

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Florida Real Estate Exam 2024/2025 with 100% correct answers

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Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor - correct answer -b. The term "follow-up" refers to a. returning calls in a timely manner. b. completing instructions given by one's broker. c. following through on listing calls made to for sale by owners. ...

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