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Florida Real Estate License Exam Prep 2024 questions and verified correct answers

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Chapter 20 - correct answer Establishes the structure of the executive branch of Florida government Chapter 475, Part 1 - correct answer Real Estate Brokerage (FREC) Chapter 475, Part II - correct answer Real Estate Appraisal (FREAB) Chapter 475, Part III - correct answer Commercial Real Estate Sales Commission Lien Act Chapter 475, Part IV - correct answer Commercial Real Estate Leasing Commission Lien Act Chapter 455 - correct answer Defines practices and procedures of the Depar...

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FREC exam questions and complete correct answers 2024

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eminent domain - correct answer take private property for public use condemnation - correct answer compensation Inverse Condemnation - correct answer Sue the government Escheat - correct answer No will, no heirs, reverts to state Intestate - correct answer No will or a defective will left by the deceased deeds - correct answer Evidence of transfer Chain of Title - correct answer history of ownership Abstract of Title - correct answer summary report of what the title search f...

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Florida Real Estate Exam questions and complete correct answers 2024

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

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Florida Real Estate FREC 1 All Quizes exam questions and 100% correct answers 2024

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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. - correct 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 layperson does not have. D. He does not need a license; he ...

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FREC Practice Test exam questions and verified correct answers 2024

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1. Which of the following statements is true regarding a mortgage loan originator (MLO)? a. A mortgage loan originator is the same as a mortgage broker. b. A mortgage loan originator must have a separate license. c. A mortgage loan originator makes loans. d. A mortgage loan originator must have a real estate license. - correct answer B 2. A real estate appraiser's fee for professional service is based on which of the following? a. A percentage of the property's gross income. b. A perc...

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FREC EXAM 1 questions and 100% correct answers 2024

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How many members from the FREC make up the probable cause panel in a compliance process? - correct answer Two What is the maximum payout limit from the Recovery Fund if there are multiple judgements against a licensee? - correct answer $150,000 A landlord in Florida rented out his apartment to a tenant last year. A security deposit was paid to the landlord, which was kept by him in a security bond. how much interest does the landlord owe to the tenant this year? - correct answer 5% Whic...

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FREC Course I practice exam questions and verified correct answers 2024

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a licensed real estate broker has been hired by a lender to appraise a home for a buyer. who has applied for an FHA loan. Which statement is TRUE regarding this situation? A. the broker may not charge for this assignment B. the broker's license entitles him to appraise this property C. the broker is required to be a state-certified appraiser to perform this appraisal assignment D. the broker may not accept this appraisal assignment because to do so is a conflict of interest - correct answe...

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FL Pre-License Sales Course (FREC Course 1) Exam questions and complete correct answers 2024

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title - correct answer collection of rights person has in ownership of real property alienation - correct answer transfer By Operation of Law - correct answer the courts have intervened Condemnation - correct answer court action used when right of eminent domain is exercised Lis Pendens - correct answer pending litigation Opinion of Title - correct answer title meets all ownership needs and has no questions in its history Abstract - correct answer history Cloud - correct ans...

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FREC Exam questions and verified correct answers 2024

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Chapter 475 - correct answer Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights Chapter 455 - correct answer Regulation of Businesses and Professions. Defines general practices and procedures for DBPR , including the practice of Real Estate FS 120 - correct answer Licensing and disciplinary procedures for Real Estate Licensees 61J2 FAC - correct answer Rules of the FREC Department of Business and Professional Regulat...

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NURB 334 Final Exam questions and complete correct answers 2024

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What is the scope of maternity nursing - correct answer Caring for patient, baby, partner and family pre-pregnancy through postpartum. What are landmark years and changes within Maternity Nursing? - correct answer 1920s: spike in mortality led to origin of maternity nursing in trying to discover how to lower rates 1940s: extended care to include family during pregnancy process 1969: Association of Women's Health, Obstretical, and Neonatal nurses was born (governing) Today: has subspecialt...

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