FL Real Estate Exam Practice Questions
with Verified Answers
Which statement is true regarding the use of the term REALTOR?
All real estate licensees are REALTORS
All REALTORS are members of the National Association of REALTORS (NAR)
The terms real estate licensee and REALTOR may be used interchangeably
The Florida DBPR authorizes the use of the term REALTOR ✔✔All REALTORS are members
of the National Association of REALTORS (NAR)
The term follow up refers to...? ✔✔what a sales associate does for buyers and sellers after the
sale
Even though certain exceptions apply, an active real estate licensee is legally entitled to appraise
real property for compensation concerning a nonfederally related transaction ✔✔As long as she
does not represent herself as a state-certified or licensed appraiser and complies with USPAP
The field of property management has experienced growth and specialization primarily because
of...? ✔✔the increase in the number of absentee owners
FL Real Estate Exam Practice Questions with Verified Answers
,Real estate licensees must comply with the Uniform Standards of Professional Appraisal Practice
(USPAP) when conducting which value estimates? ✔✔Appraisals
Appraisers are paid a fee because ✔✔to accept compensation based on the appraised value is a
conflict of interest
The five major sales specialties do NOT include
agricultural special use commercial businesses
✔✔Special use
The real estate activity that is devoted to leasing, managing, marketing, and overall maintenance
of property for others is called ✔✔Property management
Which kind of construction involves building to buyer's specifications? ✔✔Custom homes
The term dedication as it applies to development and construction refers to...? ✔✔A gift of land
by the owner to the local government for public use
FL Real Estate Exam Practice Questions with Verified Answers
, What type of license is required to sell or lease business opportunities for another person?
✔✔Real estate license
Selecting a limited geographical area in which a real estate professional develops special
expertise is ✔✔Farming
Managing which type of property of more than 10 units requires a CAM license?
✔✔Condominium complex
Effective advertising involving developing a database of prospects to direct a specific message is
called ✔✔Target marketing
A broker charges a prospective seller $50 for a comparative market analysis (CMA) . Which
statement applies?
Brokers are not permitted to charge for CMAs
This is permissible, provided the broker does not represent the CMA as an appraisal
The broker must be a state-certified appraiser to do this
FL Real Estate Exam Practice Questions with Verified Answers
with Verified Answers
Which statement is true regarding the use of the term REALTOR?
All real estate licensees are REALTORS
All REALTORS are members of the National Association of REALTORS (NAR)
The terms real estate licensee and REALTOR may be used interchangeably
The Florida DBPR authorizes the use of the term REALTOR ✔✔All REALTORS are members
of the National Association of REALTORS (NAR)
The term follow up refers to...? ✔✔what a sales associate does for buyers and sellers after the
sale
Even though certain exceptions apply, an active real estate licensee is legally entitled to appraise
real property for compensation concerning a nonfederally related transaction ✔✔As long as she
does not represent herself as a state-certified or licensed appraiser and complies with USPAP
The field of property management has experienced growth and specialization primarily because
of...? ✔✔the increase in the number of absentee owners
FL Real Estate Exam Practice Questions with Verified Answers
,Real estate licensees must comply with the Uniform Standards of Professional Appraisal Practice
(USPAP) when conducting which value estimates? ✔✔Appraisals
Appraisers are paid a fee because ✔✔to accept compensation based on the appraised value is a
conflict of interest
The five major sales specialties do NOT include
agricultural special use commercial businesses
✔✔Special use
The real estate activity that is devoted to leasing, managing, marketing, and overall maintenance
of property for others is called ✔✔Property management
Which kind of construction involves building to buyer's specifications? ✔✔Custom homes
The term dedication as it applies to development and construction refers to...? ✔✔A gift of land
by the owner to the local government for public use
FL Real Estate Exam Practice Questions with Verified Answers
, What type of license is required to sell or lease business opportunities for another person?
✔✔Real estate license
Selecting a limited geographical area in which a real estate professional develops special
expertise is ✔✔Farming
Managing which type of property of more than 10 units requires a CAM license?
✔✔Condominium complex
Effective advertising involving developing a database of prospects to direct a specific message is
called ✔✔Target marketing
A broker charges a prospective seller $50 for a comparative market analysis (CMA) . Which
statement applies?
Brokers are not permitted to charge for CMAs
This is permissible, provided the broker does not represent the CMA as an appraisal
The broker must be a state-certified appraiser to do this
FL Real Estate Exam Practice Questions with Verified Answers
