FREC 4 CERTIFICATION ACTUAL
EXAMINATION PAPER 2026
COMPREHENSIVE QUESTIONS WITH
CORRECTLY WELL-DEFINED DETAILED
ANSWERS GRADED A+
⩥mortgage. Answer: a long-term loan extended to someone who buys
property
⩥mortgagee. Answer: A lender in a mortgage loan transaction.
⩥mortgagor. Answer: A borrower in a mortgage loan transaction.
⩥Outstanding Loan Balance. Answer: the remaining amount of money
that is still owed on a loan
⩥MLS (Multiple Listing Service). Answer: a database in which local
member brokers share listings so that fellow member brokers can
procure buyers for those properties.
CAN BE ACCESS BY NON REALTORS IN FLORIDA
⩥Farm Area (Target Market). Answer: a specific area a real estate
associate chooses to specialize and become an expert in
,⩥follow up. Answer: the final step of the selling process, in which the
salesperson ensures delivery schedules are met, goods or services
perform as promised, and the buyers' employees are properly trained to
use the products
⩥recording property conveyance. Answer: involves documenting the
transfer or claim of interest in real property in public records, typically at
the county level. This process provides constructive notice to the public
of ownership, ensuring that anyone interested can accces information
about existing interests in the property.
⩥D.B.P.R. Answer: (Department of Business and Professional
Regulation)
⩥NAR. Answer: The National Association of Realtors. Only licensees
who are members of local real estate boards are entitled to use the
trademark name "REALTOR"
⩥community association manager (CAM). Answer: a professional who
manages community associations like mobile home parks, planned unit
developments, homeowners associations, cooperatives, timeshares, and
condominiums. A CAM license is required if managing properties with
eleven or more units or an annual budget over $100,000.
, ⩥Property Management. Answer: The leasing, managing, marketing,
and overall maintenance of property for others.
⩥property manager. Answer: someone who is hired by a property owner
to market, maintain, and oversee the day-to-day operation of a property
(usually a rental property)
⩥Absentee Owner. Answer: A property holder who does not reside on
the property and who usually relies on a property manager to supervise
the investment.
⩥what are the 4 main categories of real estate properties?. Answer: 1.
industrial property
2. special purpose property
3. residential property
4. commercial property
⩥Property managment agreement. Answer: a written contract between a
property owner and a property manager to establish all duties of the
property manager, including operation and leasing activities.
⩥CMA. Answer: Comparative Market Analysis, a comparison of prices
of recently sold homes that are similar to sellers home.
EXAMINATION PAPER 2026
COMPREHENSIVE QUESTIONS WITH
CORRECTLY WELL-DEFINED DETAILED
ANSWERS GRADED A+
⩥mortgage. Answer: a long-term loan extended to someone who buys
property
⩥mortgagee. Answer: A lender in a mortgage loan transaction.
⩥mortgagor. Answer: A borrower in a mortgage loan transaction.
⩥Outstanding Loan Balance. Answer: the remaining amount of money
that is still owed on a loan
⩥MLS (Multiple Listing Service). Answer: a database in which local
member brokers share listings so that fellow member brokers can
procure buyers for those properties.
CAN BE ACCESS BY NON REALTORS IN FLORIDA
⩥Farm Area (Target Market). Answer: a specific area a real estate
associate chooses to specialize and become an expert in
,⩥follow up. Answer: the final step of the selling process, in which the
salesperson ensures delivery schedules are met, goods or services
perform as promised, and the buyers' employees are properly trained to
use the products
⩥recording property conveyance. Answer: involves documenting the
transfer or claim of interest in real property in public records, typically at
the county level. This process provides constructive notice to the public
of ownership, ensuring that anyone interested can accces information
about existing interests in the property.
⩥D.B.P.R. Answer: (Department of Business and Professional
Regulation)
⩥NAR. Answer: The National Association of Realtors. Only licensees
who are members of local real estate boards are entitled to use the
trademark name "REALTOR"
⩥community association manager (CAM). Answer: a professional who
manages community associations like mobile home parks, planned unit
developments, homeowners associations, cooperatives, timeshares, and
condominiums. A CAM license is required if managing properties with
eleven or more units or an annual budget over $100,000.
, ⩥Property Management. Answer: The leasing, managing, marketing,
and overall maintenance of property for others.
⩥property manager. Answer: someone who is hired by a property owner
to market, maintain, and oversee the day-to-day operation of a property
(usually a rental property)
⩥Absentee Owner. Answer: A property holder who does not reside on
the property and who usually relies on a property manager to supervise
the investment.
⩥what are the 4 main categories of real estate properties?. Answer: 1.
industrial property
2. special purpose property
3. residential property
4. commercial property
⩥Property managment agreement. Answer: a written contract between a
property owner and a property manager to establish all duties of the
property manager, including operation and leasing activities.
⩥CMA. Answer: Comparative Market Analysis, a comparison of prices
of recently sold homes that are similar to sellers home.
