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FLORIDA REAL ESTATE 2024 BUNDLED EXAM QUESTION AND ANSWERS GRADED A+
A package deal for Florida state real estate exam questions with 100% correct and verified answers.
[Montrer plus]A package deal for Florida state real estate exam questions with 100% correct and verified answers.
[Montrer plus]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 - Answer- D. FREC and the licens...
Aperçu 2 sur 11 pages
Ajouter au panierThe 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 - Answer- D. FREC and the licens...
Joint Ventures - Answer- is a temporary form of business arrangement often encountered in 
real estate business. 
 
Trade Names - Answer- 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. - Answer- Ad...
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Ajouter au panierJoint Ventures - Answer- is a temporary form of business arrangement often encountered in 
real estate business. 
 
Trade Names - Answer- 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. - Answer- Ad...
When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - 
Answer- 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 f...
Aperçu 2 sur 10 pages
Ajouter au panierWhen money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - 
Answer- 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 f...
A Business Broker - Answer- Specializes in the sale, purchase or lease of businesses. Is 
required to have a real estate license and may be licensed as a real estate broker or sales 
associate 
 
Follow-Up is - Answer- Keeping in contact with the new owner after the closing of the sale 
 
A builder ...
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Ajouter au panierA Business Broker - Answer- Specializes in the sale, purchase or lease of businesses. Is 
required to have a real estate license and may be licensed as a real estate broker or sales 
associate 
 
Follow-Up is - Answer- Keeping in contact with the new owner after the closing of the sale 
 
A builder ...
Expert Information - Answer- The Product that a real estate sales associate must market 
 
Property Transfer 
Market Conditions 
How to market real estate and business - Answer- The three areas of expertise that real estate 
licensees bring to the transaction - Knowledge of 
 
Residential 
Commercia...
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Ajouter au panierExpert Information - Answer- The Product that a real estate sales associate must market 
 
Property Transfer 
Market Conditions 
How to market real estate and business - Answer- The three areas of expertise that real estate 
licensees bring to the transaction - Knowledge of 
 
Residential 
Commercia...
Owner - Answer- An owner who does not reside on the property and who usually relies on a 
property manager to supervise the real estate 
 
Agricultural, 10 - Answer- ___ property is defined in Florida license law to mean agricultural 
property of more than __ acres. 
 
Appraisal - Answer- The proces...
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Ajouter au panierOwner - Answer- An owner who does not reside on the property and who usually relies on a 
property manager to supervise the real estate 
 
Agricultural, 10 - Answer- ___ property is defined in Florida license law to mean agricultural 
property of more than __ acres. 
 
Appraisal - Answer- The proces...
Brokers who list and sell smaller businesses are - Answer- business opportunity brokers. 
 
Before roadbuilding begins, a developer must submit a document to the local planning board 
for approval. The document is called a - Answer- subdivision plat map. 
 
Investors who don't live on the propertie...
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Ajouter au panierBrokers who list and sell smaller businesses are - Answer- business opportunity brokers. 
 
Before roadbuilding begins, a developer must submit a document to the local planning board 
for approval. The document is called a - Answer- subdivision plat map. 
 
Investors who don't live on the propertie...
Real estate investment trust that are formed to buy, own and manage investment projects are 
called - Answer- Equity trust 
 
What Fl statute created the Department of business and professional regulation - Answer- FL 
455 
 
Universal Agent - Answer- All matters by power of attorney 
 
General Agen...
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Ajouter au panierReal estate investment trust that are formed to buy, own and manage investment projects are 
called - Answer- Equity trust 
 
What Fl statute created the Department of business and professional regulation - Answer- FL 
455 
 
Universal Agent - Answer- All matters by power of attorney 
 
General Agen...
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. Whch statement is TRUE regarding this situation? - Answer- 
The broker is required to be a state-certified appraiser to perform this appraisal assignment. 
 
Leasehold estate d...
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Ajouter au panierA licensed real estate broker has been hired by a lender to appraise a home for a buyer who 
 
has applied for an FHA loan. Whch statement is TRUE regarding this situation? - Answer- 
The broker is required to be a state-certified appraiser to perform this appraisal assignment. 
 
Leasehold estate d...
Township - Answer- A square 6 miles on each side (6 miles square) containing 36 square 
miles (36 sections); also an (east-west) strip of land north and south of a baseline (tier). 
 
Section - Answer- A square 1 mile on each side (1 mile square) containing 1 square mile (640 
acres). 
 
Quarter Sec...
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Ajouter au panierTownship - Answer- A square 6 miles on each side (6 miles square) containing 36 square 
miles (36 sections); also an (east-west) strip of land north and south of a baseline (tier). 
 
Section - Answer- A square 1 mile on each side (1 mile square) containing 1 square mile (640 
acres). 
 
Quarter Sec...
Samuel wants to do a 1031 exchange. He sold his investment property and has identified the 
property he'd like to buy next. Within how many days must he close on this property in order 
for it to qualify as part of the exchange? - Answer- a. 180 
b. 30 
c.45 
d.60 
 
a. He has 45 days to identify a...
Aperçu 4 sur 120 pages
Ajouter au panierSamuel wants to do a 1031 exchange. He sold his investment property and has identified the 
property he'd like to buy next. Within how many days must he close on this property in order 
for it to qualify as part of the exchange? - Answer- a. 180 
b. 30 
c.45 
d.60 
 
a. He has 45 days to identify a...
Sales Associate License Qualifications (F.S. 475.17) - Answer- -18 Years of Age 
-High school diploma 
-Honest, Trustworthy, of good character and have a reputation for fair dealing 
-Does NOT have to be a Florida resident or U.S. citizent 
 
Custom Building - Answer- Building to the owner's specif...
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Ajouter au panierSales Associate License Qualifications (F.S. 475.17) - Answer- -18 Years of Age 
-High school diploma 
-Honest, Trustworthy, of good character and have a reputation for fair dealing 
-Does NOT have to be a Florida resident or U.S. citizent 
 
Custom Building - Answer- Building to the owner's specif...
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